Gold On Pace For Best Year Since 2010

Gold On Pace For Best Year Since 2010

Gold On Pace For Best Year Since 2010Los Angeles CA, December 29 (Tangible Investments) by James O’ Dell Precious metals prices were mixed on Friday with Gold on pace for best year since 2010. Gold is up 0.62 percent to $1,302.70 an ounce after gaining $5.90 on Thursday to close at $1,294.70 an ounce.

Silver is up 0.53 percent to $16.93 an ounce after adding $0.18 on Thursday to close at $16.84 an ounce. The Gold/Silver ratio fell to 76.88. Platinum is up 0.65 percent to $932.00 an ounce. Palladium is down 0.57 percent to $1,052.00 an ounce.

Gold broke above $1,300 an ounce in early trading Friday, and remains on pace to post its best year since 2010. This is up around 13 percent. The dollar, having its worst year since 2003, fell to three-month lows against a basket of major currencies.

The greenback is being hampered by political and geopolitical tensions including North Korea, the Middle East, and the Russian election tampering investigation. Persistently low inflation is also playing a part in the dollar’s decline and may play a part in the number of rate hikes in 2018.

Fed Chair Janet Yellen conceded that the Fed was puzzled by the persistence of unusually low inflation. The Fed concluded that the timing of its interest rate policies may need to be adjusted accordingly.

It’s all about the dollar, says George Gero…

Gold To Play Greater Role in 2018

Meanwhile, ETF Securities says that Gold will play a greater role in 2018 as a risk management tool and a store of value. Gold’s potential to serve as a dynamic, multi-faceted, and cost-effective portfolio hedge against many known and unknown risks may be a powerful tool for long term investors said Maxwell Gold.

There is a current backdrop of stretched valuations, rising uncertainty, asset correlations, and record low volatility globally. Gold demand as a risk overlay may continue to rise into 2018.

It’s important to protect your hard earned wealth during these times of economic and geopolitical uncertainty. At Tangible Investments, it doesn’t matter whether you’re new to precious metals or a seasoned veteran, you will always be dealing with top industry experts. Take a moment and browse our vast selection of valuable collectibles. Then, call Toll Free 1.888.655.9255 today.

Let the helpful staff at Tangible Investments assist you in your next purchase or sale. You may also wish to click here to check out our eBay store. Tangible Investments is the leading buyer of rare Gold and Silver coins, art, antiques, diamonds, sterling and flatware. We also loan against anything of value and offer more money at half the loan cost. Come in or call 1.888.655.9255 now for a free quote.

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