Connect with us

archive

U.S. Shutdown Triggers Gold Rebound… Check That, Sell-off

U.S. Shutdown Triggers Gold Rebound… Check That, Sell-off (YahooFinance)

Gold posted its best quarter in a year, gaining back 8.6 percent of the value it had lost earlier in the year. And with the prospects of U.S. intervention in Syria, investors in the barbarous relic were starting to believe that the holiday season would glitter again. Not so fast… Gold dropped nearly 3 percent yesterday alone due to — of all things — the U.S. government shutdown. So why did the market sell off gold, in the face of what could turn into a huge market destabilizing event?  Well, some analysts believe that all of that risk had already been priced in, so there was no motivation to hold it any longer. Really? What do those investors know about the length of the shutdown that we don’t?

Newsletter Signup.

Sign up to the Human Events newsletter

Advertisement
Advertisement

TRENDING NOW:

MILK-FAKE: UK Papers Push Farage Fake News 1 Day Before Election

FOREIGN AFFAIRS

Obama Judges Kill Americans’ Privacy to Help Democratic House Harass Trump

U.S. POLITICS

Human Events from London: Farage’s Eyes Power As Brexit Party Surges.

FOREIGN AFFAIRS

Extinction Rebellion’s Useful Idiots: Climate Alarmism Does Far More Harm Than Good

FOREIGN AFFAIRS

Gold posted its best quarter in a year, gaining back 8.6 percent of the value it had lost earlier in the year.

archive

U.S. Shutdown Triggers Gold Rebound? Check That, Sell-off

Gold posted its best quarter in a year, gaining back 8.6 percent of the value it had lost earlier in the year.

U.S. Shutdown Triggers Gold Rebound? Check That, Sell-off (YahooFinance)

Gold posted its best quarter in a year, gaining back 8.6 percent of the value it had lost earlier in the year. And with the prospects of U.S. intervention in Syria, investors in the barbarous relic were starting to believe that the holiday season would glitter again. Not so fast? Gold dropped nearly 3 percent yesterday alone due to — of all things — the U.S. government shutdown. So why did the market sell off gold, in the face of what could turn into a huge market destabilizing event?  Well, some analysts believe that all of that risk had already been priced in, so there was no motivation to hold it any longer. Really? What do those investors know about the length of the shutdown that we don??t?

Newsletter Signup.

Sign up to the Human Events newsletter

Written By

TRENDING NOW:

MILK-FAKE: UK Papers Push Farage Fake News 1 Day Before Election

FOREIGN AFFAIRS

Obama Judges Kill Americans’ Privacy to Help Democratic House Harass Trump

U.S. POLITICS

Human Events from London: Farage’s Eyes Power As Brexit Party Surges.

FOREIGN AFFAIRS

Extinction Rebellion’s Useful Idiots: Climate Alarmism Does Far More Harm Than Good

FOREIGN AFFAIRS

Connect
Newsletter Signup.

Sign up to the Human Events newsletter