In this part, we use S&P Global Market Intelligence data and insight to look at how the metal price environment for the precious metals and uranium has evolved during the COVID-19 pandemic. While the gold price dropped mid-March along with those for most other commodities and markets, it has since come back strongly on the back of higher financial investment demand. Meanwhile, silver, despite record retail investment, has sunk to its lowest price in 11 years due to lower industrial demand. Looking at the platinum group metals, or PGM, lockdowns in South Africa and plummeting global auto sales have severely shocked prices. This disruption has kept an uneasy balance, however, and has not yet fundamentally changed the price trajectories of upward for palladium and rhodium, and downward for platinum.
Updated: April 8, 2020
In order to protect staff and preserve personal protective equipment and patient care supplies, as well as expand available hospital capacity during the COVID-19 pandemic, the Centers for Disease Control and Prevention (CDC) recommends that dental facilities postpone elective procedures, surgeries, and non-urgent dental visits, and prioritize urgent and emergency visits and procedures now and for the coming several weeks. This aligns with recommendations from the American Dental Associationexternal icon (ADA) and the American Dental Hygienists’ Associationexternal icon (ADHA) to postpone non-emergency and elective dental procedures, as well the Centers for Medicare and Medicaid Services (CMS)’s guidancepdf iconexternal icon that all non-essential dental exams and procedures be postponed until further notice.
For emergency clinical care of patients with known or suspected COVID-19, dental providers should follow the Interim Infection Prevention and Control Guidance for Dental Settings During the COVID-19 Response as well as the Interim Infection Prevention and Control Recommendations for Patients with Confirmed Coronavirus Disease 2019 (COVID-19) or Persons Under Investigation for COVID-19 in Healthcare Settings. If a dental facility is not able to follow this interim guidance, dental personnel and medical providers should work together to determine an appropriate facility for treatment. The urgency and need for a procedure are decisions based on clinical judgement and should be made on a case-by-case basis.
This is an emerging, rapidly evolving situation and CDC will continue to update this guidance as more information becomes available.
CDC urges providers to be familiar with the information on CDC’s COVID-19 website. Specific information is available for Healthcare Professionals, including a Healthcare Professional Preparedness Checklist, instructions on Evaluating and Reporting Persons Under Investigation (PUI), Healthcare Personnel with Potential Exposure Guidance, and What Healthcare Personnel Should Know. Dental healthcare personnel can also consider signing up for communications from CDC’s Health Alert Network, which is CDC’s primary method of sharing information about urgent public health incidents with healthcare providers.
The COVID-19 outbreak and its impact on our daily lives is rapidly evolving. Here are some resources and guidance to help dentists navigate this unprecedented time for their practices, staff and patients.
Last updated: April 9, 2020Digital Event | Friday, April 10 at 11 a.m. CT: Calculate the Cash Burn Rate Of Your Dental Practice and Extend the Number of Days You Have Money Left in the COVID-19 Crisis. Register for Friday’s live webinar.
Update | NEW Video Teleconferencing and Security
Update | NEW Q&A Video: COVID-19 Transmission and Emergency Care
Update | NEW COVID-19 Employment Law FAQs
Update | NEW Summary of ADA COVID-19 Interim Guidance
ADA News | NEW SBA: Dentists can apply for both economic injury disaster and paycheck protection program loans (04/06/2020)
ADA News | HPI poll examines impact of COVID-19 on dental practices (04/01/2020)
ADA News | ADA urges dentists to heed April 30 interim postponement recommendation (04/01/2020)
by Anna Golubova
Friday March 13, 2020
Markets fear just how much the COVID-19 outbreak could hurt the U.S. and Europe — the next two regions that will be hit the hardest by the virus. And as the Federal Reserve looks increasingly ready to cut rates down to zero all in one go next week, it might be a great opportunity to buy gold, according to analysts.
Gold was not able to escape the massive market sell-off this week, which accelerated on Thursday as U.S. stocks posted their worst day since 1987. Gold fell victim to margin-calls, as investors were forced to sell their gold positions to cover for losses elsewhere.
“We suspect that margin calls and losses in other markets are driving investors to search for cash, and gold happens to be the liquid position they are choosing to cash out on,” said RBC Capital Markets commodity strategist Christopher Louney.
Gold surged over 1% on Tuesday to fetch more than $1,600 an ounce as Apple Inc’s surprise warning about the impact of the coronavirus outbreak fueled concerns about global economic weakness, driving investors to lower-risk assets.
Palladium notched an all-time high, driven by short supplies of the auto-catalyst metal.
“The equity markets are under pressure and gold is still being viewed as a quintessential safe-haven asset as we do get some negative news in this case in regards to coronavirus and its effects on the global economy,” said David Meger, director of metals trading at High Ridge Futures.
By Ranjeetha Pakiam and Elena MaznevaBloomberg Dec. 31, 2019 3:46 PM
Gold climbed to a three-month high to clinch its best annual performance since 2010, as a weaker dollar helped cap a year marked by global economic jitters and trade frictions.
Bullion gained 19% this year as central banks globally embraced looser monetary policy to boost growth. Brexit, unrest in regions from Chile to Hong Kong and buying sprees from key central banks and exchange-traded funds have also helped support prices.
Spot gold climbed as much as 0.7% to $1,525.38 an ounce on Tuesday, the highest since Sept. 25. It traded at $1,520.13 at 1:40 p.m. in New York. Gold futures for February delivery rose 0.3% to settle at $1,523.10 on the Comex.
The metal managed to hold on to gains even after President Trump said he will sign the first phase of a trade deal with China on Jan. 15, easing uncertainty that has fueled haven demand for bullion.
“It is not really a surprise” especially after headlines yesterday that China’s Vice-Premier Liu He is coming to Washington to sign the so-called phase-one trade deal, said Tai Wong, the head of metals derivatives trading at BMO Capital Markets.
Some analysts doubt that gold’s strength will stick next year. JPMorgan Asset Management cautioned that bullion may not offer sound portfolio protection.
“There are very few certain environments in which gold does well, and it’s not necessarily the case that 2020 won’t be any of those,” Hannah Anderson, a global market strategist at JPMorgan, said in an interview with Bloomberg TV. “In the next downturn, I do believe that bonds still could be defensive assets.”
By Brian J. O’Connor
- Oct. 11, 2019
Like eager prospectors in a B western, many investors believe there’s gold in them hills — and that’s where they’re heading.
Gold has often been a haven for investors, and there are plenty of reasons to seek safety now. They include the trade war with China, weakness in Europe, central bankers looking at subzero interest rates, turmoil in the Middle East, the looming Brexit and uncertainty heading into the 2020 United States elections, and fears of a possible recession.
By mid-September, investors had poured nearly $8 billion this year into exchange-traded funds that hold gold.
This growing gold rush has pushed the price of the precious metal up nearly 27 percent since October 2017, to more than $1,500 an ounce. The last time gold was as expensive was April 2013, after it had declined from its August 2011 recession high of $1,917.90. Last month, analysts at Citigroup predicted that gold could hit $2,000 an ounce.
US gold futures dipped 0.3 per cent to $1,502.9 per ounce.
Reuters|Oct 03, 2019, 02.49 PM IST
prices were little changed on Thursday, following a jump of more than 1
per cent in the previous session, as investors awaited more data with
which to gauge US economic health and that could influence further US
Federal Reserve action on interest rates.
Spot gold was steady at $1,498.89 per ounce, as of 0758 GMT, while US gold futures dipped 0.3 per cent to $1,502.9 per ounce.
“After the sharp gains we are seeing some minor pullbacks on profit-booking, while sentiment in t ..
By Amrith Ramkumar
Updated Sept. 30, 2019 4:21 pm ET
This article is part of the Journal’s quarterly markets review, “Investing in a Low-Yield World.”
Unlike stocks and bonds, precious metals don’t give investors any income simply for holding them. So why were they among the market’s best performers in the third quarter?
The reason: In a world of falling—or outright negative—yields, nervous investors seeking havens are less likely to miss out on returns from bonds if they put money into gold or silver.
That eliminates the major trade-off that typically confronts those interested in owning gold: It offers no yield at all.
That declining opportunity cost is why trillions of dollars of negative-yielding debt around the world and sharp declines in Treasury yields in the U.S. have sparked a rally in precious metals. The price of silver rose 11% in the third quarter, while platinum rallied about 6%. Gold advanced 4% in the quarter and is now up 15% for the year, headed toward its biggest annual gain since 2010.
The sudden allure of precious metals highlights the turbulence of this year’s third quarter, in which stocks, bonds and other assets swung wildly as investors weighed the latest developments in the U.S.-China trade war. Stocks recovered from a turbulent August to creep back toward records in September, while bond yields, which move inversely to prices, stabilized after approaching record lows earlier in the month.
Read more via the Wall Street Journal: https://www.wsj.com/articles/why-precious-metals-have-become-more-appealing-11569675601
Buying physical gold or silver as an investment is not always as straightforward as it sounds. Novice investors often get lost in a variety of options: “Should I buy minted bars or sovereign coins?” “Maybe that limited edition coin would be a good investment?”
Sensible investors evaluate bullion options by the price and premium on the gold spot price. But the premium is only one part of the equation. It doesn’t necessarily mean that you’ll get that premium back upon the sale.
Worse, there are unscrupulous dealers out there. They will try to trick you into buying numismatics and other collectibles that have a huge premium and won’t retain their value over time.
As a result, it’s essential to get an understanding of precious metals before dipping your toes into this market.
In this article, I’ll answer some of the most important questions you should ask yourself before buying precious metals.