⛏ Gold ticks up as bonds rout pauses

Gold Demand in Tech and Industry Up Modestly in Q1
Gold primarily functions as a financial asset; however, it has other practical uses, despite the ignorant assertion by some that it is a “useless metal.” In the first quarter, 81.6 tonnes of gold were used in tech and industrial applications. That was a 1 percent increase from the first quarter last year. Read on »

The Petrodollar Police
If you were asked how the United States protects its national security, you might think first of the U.S. military. Or maybe you’d say it’s America’s extensive intelligence network that keeps it secure. Or the vast oceans that buffer its eastern and western borders. In fact, there’s a tool that’s more important than any of those: the dollar’s status as the world’s reserve currency. Read on »

Gold ticks up as bonds rout pausesSpot gold prices ticked up on Wednesday as U.S.
Treasury yields slipped with hopes of a potential resolution to the U.S.-Iran conflict easing some inflation concerns. Spot gold gained 0.3% to $4,494.50 per ounce, as of 1116 GMT, after falling to its lowest level since March 30 earlier in the session. Read on »