Gold hit its low this summer—mid-July and into August. Here at Provident Metals, we – along with retailers nationwide – can attest to the increase in sales as investors and collectors leapt at the chance to purchase precious metals hitting 5-year lows. These low prices primarily occurred because traders feared a federal funds rate increase…
Fed Chair Janet Yellen Can’t Make Up Her Mind
Gold futures fell three sessions in a row after Federal Reserve Chairwoman Janet Yellen’s semi-annual testimony last Tuesday, July 15. Overall, Yellen’s comments to the United States Senate were “dovish” in nature, warning against spiking interest rates on the back of sooner-than-expected employment gains. “If the labor market continues to improve more quickly than anticipated…
