ProShares Ultra Gold
The safe havens that benefit the most in times of uncertainty include gold (GLD) and U.S. Treasuries (GOVT).
Company & Industry Overviews
Smart beta ETFs track growth, value, dividend yield, and minimum volatility. Recently, they’ve been buoyed by a strong market sentiment after the US elections.
Aside from the Federal Reserve’s interest rate conundrum, precious metals prices have taken cues from the Bank of Japan’s monetary policy.
In January 2016, Russia’s central bank bought almost 22 tons of gold worth ~$800 million—the eleventh month in a row that it bought large gold volumes.
Central banks around the world are affecting the movement of gold with their monetary policies.
While investors worldwide have been interested in the performance of gold this year, Goldman Sachs has remained increasingly negative on the precious metal.
When understanding the Chinese markets and their prospects for internationalizing the yuan, it’s crucial to study both onshore and offshore yuan.
China is looking to change the international gold market with its recently established yuan-denominated gold. The Chinese benchmark rate will derived from a 1 kg contract on the Shanghai Gold Exchange.
As the dollar strengthens, dollar-denominated assets usually suffer. Foreign investors have to buy a rather expensive dollar to invest in these metals.