Tag: gold

Largest Gold Nugget Found in Alaska Weighs 20 Pounds—to Fetch $700,000 to 1.2 Million at Auction

The largest gold nugget ever found in Alaska is set to be auctioned in Texas in December and is expected to fetch over $700,000. In the summer of 1896, over 100,000 prospectors descended upon northwestern Canada after gold was found near the Klondike River. About 100 years later, in 1998, a prospector named Barry Clay—so the…


Inflation Fears Spark Renewed Gold Rally

Gold prices have slumped this year, falling about 2 percent. The stock market bull run, a strengthening U.S. dollar, and immense investor confidence have weighed on the precious metal for much of 2021. A global inflation surge and growing economic concerns have sparked a more than 5 percent gain for the yellow metal. After recently…


Gold Probes Multi-Month Highs as Inflation Drives Investor Interest in Haven Assets

Surging inflation has pushed gold prices to near five-month highs, with Credit Suisse analysts predicting a more sustained move higher that could see the haven metal attempt a breakout beyond its $2,075 record high. Spot gold prices rose sharply on Nov. 3, the day Fed policymakers capped a two-day meeting by saying they would start tapering…


Gold Still Below Record High as Metal Fails to Surge on Inflation

Gold futures are poised to finish October about three percent higher, trading around $1,800 per ounce. However, year-to-date, the precious metal is still down approximately five percent. Silver, which is on track for a nine percent gain this month, has performed even worse in 2021 as prices have slumped roughly nine percent year-to-date. It has…


Seek ‘Real Assets’ Not Bitcoin for Inflation Protection, Says Gold Bull Peter Schiff

Gold is not the only tool to hedge against inflation, but bitcoin, which is sheer speculation, can’t be an inflation hedge, says Schiff.


What Makes Gold so Great?

Gold has long been considered the king of metals, but why? What makes this lustrous material so alluring? Why does it remain so valuable? From a purely practical standpoint, gold has a lot of desirable properties. For one, it’s durable—it does not tarnish or rust. In fact, it’s one of the least reactive elements on…


Jamaican Parchment Tracks Down Volunteer Who Helped Him Win Gold

Olympic champion Hansle Parchment has tracked down a volunteer who rescued his gold medal hopes by giving him money for a taxi after a transportation mix-up meant he was dropped off at the wrong venue for his 110 meters hurdles semi-final. Jamaican sprinter Parchment, who initially went to an aquatic center instead of the Olympic…


Jamaican Olympian Tracks Down Volunteer Who Helped Him Win Gold

Olympic champion Hansle Parchment has tracked down a volunteer who rescued his gold medal hopes by giving him money for a taxi after a transportation mix-up meant he was dropped off at the wrong venue for his 110 meters hurdles semi-final. Jamaican sprinter Parchment, who initially went to an aquatic center instead of the Olympic…


Marine Rescuers Work to Free Whale Caught in Shark Net on Gold Coast

SYDNEY—Australian marine rescuers were working on Thursday to free a humpback whale entangled in a shark net off Queensland’s Gold Coast. Footage showed Sea World staff reaching out with blades at the end of long poles to try and cut a large mass of netting with orange buoys and yellow weights off the whale’s tail…


Olympic Gold Medalist Chopra Returns to India as Superstar

NEW DELHI—Olympic gold medalist Neeraj Chopra was given a rousing welcome as he arrived home in India on Monday after winning the men’s javelin event in Tokyo and securing the country’s first-ever athletics gold. In a cricket-mad country, Chopra’s Olympic win was seen as a triumph for the nation of nearly 1.4 billion people, catapulting…