Mike Harrowell, Senior Resources Analyst at BBY, explains why the prospects for palladium remain positive despite geopolitical concerns surrounding its largest producer, Russia.» Read More
With the price of gold soaring to record levels, the precious metal has become that much more dear. Where and how should gold buyers store their bullion and coins?
The dollar is rising and gold has been gaining too. What's going on? The greenback and gold are usually inversely correlated, so when the dollar goes up, gold goes down and vice versa. But not today—and that highlights the gravity of sovereign debt concerns and worries about the value global currencies, not just the greenback.
With silver prices tumbling for a third straight session, traders are questioning if its record-breaking rally in recent months is finally over.
"Investors are looking at what the news is and they're reacting to it, and the reaction isn't necessarily a healthy one at all times," says one market pro.