safe havens

Gold heads for biggest monthly gain since Jan 2012 on rush to safety

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Gold heads for biggest monthly gain since Jan 2012 on rush to safety

Gold rose on Friday and headed for its biggest monthly gain in 8-1/2 years as the impact of the worsening coronavirus pandemic on the U.S. economy hammered the dollar, prompting investors to seek refuge in bullion. Spot gold was up 0.8% at $1,975.30 an ounce by 0927 GMT, while U.S. gold futures rose 1.5% to … Read more

Go with a small position in gold, don’t bet the ranch: Hugh Albert Johnson

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Go with a small position in gold, don’t bet the ranch: Hugh Albert Johnson

We are moving from a V-shaped recovery or the easy money, early gains to something that looks more like a U-shaped recovery, says Chairman & Chief Investment Officer, Hugh Johnson Advisors. In the last two months, we have seen the stocks making great moves despite a lot of uncertainty. Where do we go from here … Read more