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Why is gold price plunging? Gareth Soloway breaks down causes
Why is gold price plunging? Gareth Soloway breaks down causes
ratings:
Length:
17 minutes
Released:
Jan 8, 2021
Format:
Podcast episode
Description
Investors are dumping lower yielding assets like gold to buy higher volatility securities like Tesla shares and bitcoin, said Gareth Soloway, chief market strategist at In The Money Stocks, but Soloway is not selling his gold yet.
Soloway’s comments come as Friday’s nonfarm payroll report showed a loss of 140,000 jobs in December, the most since the start of the pandemic.
Soloway’s comments come as Friday’s nonfarm payroll report showed a loss of 140,000 jobs in December, the most since the start of the pandemic.
Released:
Jan 8, 2021
Format:
Podcast episode
Titles in the series (100)
What happens if Tesla buys gold? This would be market reaction: Tesla has stated in its latest annual report that the company has updated its investment policy to now include Bitcoin, gold, and “other assets” as possible investments. While this move may move the price of Bitcoin, it would have limited direct effect on gold prices, said Alex Mashinsky, CEO of Celsius Network. by Kitco NEWS Interviews