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Category Archives: scrap gold

ADA Coronavirus (COVID-19) Center for Dentists

10 Friday Apr 2020

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Dentist Holding Dental Tools

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 ADA Interim Guidance for Minimizing Risk of COVID-19 Transmission

Update | NEW ADA Interim Guidance Flowcharts for Minimizing Risk of COVID-19 Transmission

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)

ADA News | ADA releases interim guidance on minimizing COVID-19 transmission risk when treating dental emergencies (04/01/2020)

What’s next for gold price? COVID-19 targets U.S., Europe; Fed looks to cut rates to zero

09 Thursday Apr 2020

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by Anna Golubova

Friday March 13, 2020

Photo by energepic.com on Pexels.com

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.

Read more via: https://www.kitco.com/news/2020-03-13/What-s-next-for-gold-price-COVID-19-targets-U-S-Europe-Fed-looks-to-cut-rates-to-zero.html

Gold back above $1,600/oz as Apple’s virus warning lifts safety demand

18 Tuesday Feb 2020

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apple, coronavirus, gold, gold prices, outbreak

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.

Spot gold was up 1.3% at $1,601.04 per ounce, its highest since Jan. 8. U.S. gold futures climbed 1.2% to $1,604.70 an ounce.

“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.

read more via: https://www.cnbc.com/2020/02/18/gold-markets-equities-coronavirus-in-focus.html

Gold has its best year since 2010 amid global jitters – Los Angeles Times

02 Thursday Jan 2020

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Photo by Michael Steinberg on Pexels.com

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.”

read more via: https://www.latimes.com/business/story/2019-12-31/gold-best-year-since-2010

E.T.F. Investors Are Going for Gold, Despite Many Drawbacks – The New York Times

15 Tuesday Oct 2019

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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.

Read more via: https://www.nytimes.com/2019/10/11/business/etf-investors-gold-drawbacks.html

Gold prices: Gold prices steady as market awaits US employment report – The Economic Times

04 Friday Oct 2019

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US gold futures dipped 0.3 per cent to $1,502.9 per ounce.

Reuters|Oct 03, 2019, 02.49 PM IST

Gold bars

Gold 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 ..

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//economictimes.indiatimes.com/articleshow/71422111.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst

Why Precious Metals Have Become More Appealing – WSJ

01 Tuesday Oct 2019

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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

5 Questions To Ask Yourself Before Buying Precious Metals

23 Friday Aug 2019

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buy gold, gold, gold investment, gold price

Gold can be a great investment

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.

Read more at: https://www.forbes.com/sites/oliviergarret/2018/05/21/5-questions-to-ask-yourself-before-buying-precious-metals/#609a749f6f92

Bearish Cracks Appearing In Bullish Gold Market | Kitco News

16 Friday Aug 2019

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(Kitco News) – After three-straight weeks of gains, cracks are starting to appear in gold’s bullish veneer, particularly among Wall Street analysts, according to the latest results of the Kitco News Weekly Gold Survey.

It has been a volatile week for the precious metal as unprecedented recession fears and new lows in bond yields drove investors from equity markets and into alternative safe-haven assets. However, the gold market is preparing to end Friday well off its six-year high, hit earlier in the week.

Although sentiment, especially among Wall Street analysts, remains clearly bullish, caution continues to creep into the marketplace.

read more via: https://www.kitco.com/news/2019-08-16/Bearish-Cracks-Appearing-In-Bullish-Gold-Market.html

Gold holds steady above two-week low after Fed minutes

23 Thursday May 2019

Posted by landisrefining in gold, market, precious metal market, scrap gold, scrap precious metals, US market

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gold market, gold prices

Gold prices are lower than expected.

Gold was little changed on Wednesday in the wake of minutes from the latest U.S. Federal Reserve meeting, but the precious metal was trading above the two-week low hit in the last session as stock markets slid on fresh trade tensions.

Spot gold was steady at $1,273.68 per ounce, having fallen to its lowest level since May 3 on Tuesday at $1,268.97.

U.S. gold futures settled 0.1% higher at $1,274.20.

The minutes from U.S. Fed’s last meeting showed policymakers agreed that their current patient approach to setting monetary policy could remain in place “for some time.”

“Not many surprises here and not many were expected. I would note though that this Fed meeting happened before China backtracked on the trade talks. At the next meeting, almost certainly there will be more caution,” said Tai Wong, head of base and precious metals derivatives trading at BMO.

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