⛏ Gold Is Starting to Behave Like Equities

Powell Just Signaled the End of Quantitative Tightening
Speaking at the National Association for Business Economics conference in Philadelphia this week, Powell said: Our long-stated plan is to stop balance sheet runoff when reserves are somewhat above the level we judge consistent with ample reserves conditions. We may approach that point in coming months. Translation? The money printer is warming back up. Read on »

Gold Is Starting to Behave Like Equities. Is it Still a Useful Hedge?
For decades, investors have treated gold as a timeless insurance policy—an asset expected to shine when equities falter. The metal’s reputation as a hedge against inflation, market stress, and geopolitical shocks is deeply ingrained. Yet, a closer look at the data reveals that over the long run, gold and global equities have exhibited a null to low positive correlation. Read on »

Gold prices have tumbled from recent records. What's behind the losses?
Precious metals can be volatile — so it's not uncommon for gold to see day-to-day fluctuations in value. Some analysts say this week's pullback was triggered by hopes of cooling trade tensions between the U.S. and China, for example. Meanwhile, criticism had already been growing that gold’s price had gone too far, too fast. Others speculate there could be broader correction. Here's what we know. Read on »