BLOGS

The latest blogs from Matador

August 24, 2023

GOLD PRICES & JACKSON HOLE: WHAT WILL HAPPEN TOMORROW?

Gold is facing a test for direction right now, but could recover from its recent downturn if Jerome Powell, the chairman of the U.S. central bank, announces at the annual Jackson Hole Economic Symposium that the cycle of rising interest rates is nearing an end. The gathering this year promises to be one of the most important in decades, held in a remote ski resort on the Wyoming/Idaho border.

August 22, 2023

GOLD DEFIES RISING BOLD YIELDS: THE CONTINUED INTEREST IN PHYSICAL GOLD

Despite recent selling pressures and bond yields rising to a fresh 15-year high, the gold market is displaying remarkable resilience. The yield on U.S. 10-year bonds reached 4.36%, its highest since late 2007, which traditionally would be negative for gold. The increase in bond yields usually impacts the precious metal's appeal as a non-yielding asset. However, gold prices have managed to maintain support, with December gold futures trading at $1,926.20 an ounce.

August 17, 2023

CANADA GOLD RESERVES & NATIONAL ECONOMY: PAST, PRESENT, AND FUTURE

Gold, often referred to as the "safe-haven asset", has historically played an important part in global economies, and Canada is no exception. This precious metal's value is not just in its physical lustre but in the financial stability it offers to some nations as recently as the 1970s in the United States and 1930 in Canada. Let’s explore a short history of Canada gold reserves, their importance, and how they’ve shaped the nation's economic narrative.

August 17, 2023

THE GLITTERING HISTORY OF CANADA GOLD

Gold, the luminous metal that has fascinated civilizations for millennia, has an especially radiant history in Canada. The narrative of Canada gold is deeply intertwined with tales of adventure, perseverance, and a nation's quest for identity. In this odyssey through time, we'll go through the annals of history and explore how gold has played an important role in shaping Canada's socio-economic tapestry.

August 10, 2023

YOUR GUIDE ON HOW TO BUY GOLD IN CANADA

Gold has always been a leading option for buyers looking to diversify their portfolio or hdge against market risk and inflation. Culturally, gold has held value for civilizations dating back thousands of years, symbolizing wealth and security. With the global economy's uncertain shifts, many Canadians are looking to diversify their portfolios, and gold stands out as a stable choice. Let’s explore some of the methods for buying gold in Canada, including the innovative Matador platform that has made gold purchasing more straightforward and accessible.

GOLD ETF OUTFLOWS IN JULY 2023: WHAT'S HAPPENING BENEATH THE SURFACE?

The gold market's status in July 2023 reveals significant trends and movements, which reflect broader economic and policy dynamics. Let’s explore some of the dynamics of the gold market by discussing gold-backed exchange-traded products (ETFs), regional breakdowns, central bank policies, and price action from the past month.

GOLD AS A 'REVERSE THERMOMETER': INVESTOR CONFIDENCE & MARKET UNCERTAINTY

With the recent market volatility and changes in the US credit rating from Fitch, discussions have turned to whether the Fed really can pull off the soft landing that investors had begun to price in to their positions, Peter Grosskopf, CEO of SCP Resource Finance, has offered a unique perspective on gold's role in the investment ecosystem in a recent interview to add context to this environment. Describing it as a "reverse thermometer" for investor confidence, Grosskopf uses this metaphor to illustrate the inverse relationship between the price of gold and the general sentiment among investors.

FITCH DOWNGRADES US SOVEREIGN CREDIT RATING: IMPACT ON GOLD PRICES AND OUTLOOK

The gold market, historically a place of refuge for risk-averse investors, has always shown an intricate relationship with economic indicators and fiscal policies. This relationship is often amplified when major economies face adverse fiscal challenges. A recent case in point was the adjustment of the US sovereign debt credit rating by Fitch on August 1, 2023.

GOLD PRICES POST-FED MEETING: A SHORT TERM DIP IN A LONG TERM BULL RUN

Investors felt a slight tremor in the market today as gold prices slipped, marking a two-week low, after a morning trading session on Thursday. Both gold and silver reported significant downturns, effectively wiping out modest overnight gains. By midday, August gold prices had descended by $27.10, to touch $1,943.00, while September silver registered a $0.645 decrease, dropping to $24.325.

S&P GLOBAL'S POSITIVE GOLD OUTLOOK FOR 2023 SIGNALS FURTHER CONFIDENCE

Renowned rating agency S&P Global has made amendments to its projected metal and commodity prices for the remainder of the year 2023. Among all metals price predictions, gold appears to be benefiting the most from these new estimates. Amid the mounting pressure of unrelenting inflation, and subsequent steep increases in interest rates, economic stability is at risk, and so is the demand for commodities. However, S&P remains optimistic, predicting predominantly "broadly supportive" market conditions for most of the metals and mining corporations it rates.

GOLD PRICES RALLY: A NEW OPPORTUNITY ON THE HORIZON

Gold prices soared over 1% on Wednesday, indicating a potential new leg higher for the precious metal. As inflation in the United States shows signs of cooling, the Federal Reserve could reconsider its interest rate hike cycle. This development has led to increased optimism among investors and signals an opportunity to diversify portfolios with gold.

INVESTORS' EXPECTATION OF JULY RATE HIKE SURGE, GOLD PRICES RESPOND

As the expectations of a July rate hike by the Federal Reserve surge, so does the interest in the relationship between interest rates and gold prices. Let's take a look at the association between interest rates, inflation, and gold prices, and the potential effect of an interest rate hike from the Fed in July on gold prices.

THE HISTORY AND EVOLUTION OF GOLD BULLION: A GLOBAL ASSET

Gold bullion refers to gold that is valued by its weight in a specific denomination, regardless of its form. This can be in the form of gold bars (also known as ingots), or gold coins. Unlike jewellery or other artistic forms of gold, bullion’s value is determined purely by its precious metal content and its weight.Throughout history, gold bullion has been a coveted asset and store of wealth due to its rarity, lustre, and resistance to corrosion. Today, it serves as a safeguard against inflation and currency fluctuation, a portfolio diversifier, and a means to preserve wealth across generations.

GOLD AT A CROSSROADS: BEARISH SENTIMENT SIGNALS BUYING OPPORTUNITY

As we approach the end of June, the gold market is undergoing a significant shift, with prices hovering around $1,950 an ounce, marking the worst monthly performance since February. Bearish sentiment is taking hold of the marketplace, impacting the precious metal's value. This drop in value suggests an impending struggle for gold, according to the latest Kitco News Weekly Gold Survey. Despite this, the data might suggest this could be an opportune time to buy gold.

A DIFFERENT PERSPECTIVE ON INFLATION: THE UNREPORTED FIGURES AND GOLD PRICES

As the US economy churns amidst the turmoil of a fluctuating market, a significant point of contention lies in the area of inflation. It is, in some analyst circles, a popular belief that the government is manipulating the statistics to understate the real inflation figures. In light of these claims, it is important to question the CPI data's reliability and the potential implications of this discrepancy on commodities like gold.

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