Latest Market Updates
“Gold’s appeal as a safe haven has been among a growing list of reasons behind the recent price gains,” Fawad Razaqzada, a technical analyst at Forex.com told Marketwatch.
“The on-going situation in Ukraine, for example, coupled with growing concerns about the Chinese and U.S. economies, as well as anxiety surrounding the Indian general election have all helped to boost the metal’s appeal in this regard.”
“With India’s trade deficit narrowing to just $8.13 billion in February, albeit as a result a sharp fall in imports, the pressure is meanwhile growing on India to relax some of the trade restrictions on (the) precious metal,” he added.
Meanwhile, traders are also looking ahead to this week’s slate of economic data for further clues on the near-term direction of U.S. monetary policy. Weekly jobless claims, retail sales and business inventories are due Thursday. Producer price index and consumer sentiment data will be released Friday.
The Federal Reserve will announce its latest policy decision at the conclusion of its meeting on March 19.
View Market Data
Read the latest market viewpoint commentary from Merit's very own Executive Vice President, Mike Getlin.View Market Data
Sign up for insightful market viewpoints from Mike Getlin, Executive Vice President.
Market Updates Archive
This week on The Vault, Brian explains why this week's gold rally is NOT what it seems - especially as it relates to geopolitical uncertainty in Ukraine. Mike Getlin, CEO of Merit Gold gives us his analysis of current market conditions, explains why develop...watch more
Gold Standard with Brian Baker
In a preview of his upcoming appearance on Friday’s edition of “The Vault,” legendary investor Jim Rogers talks with Brian about an impending correction in equities markets, monetary policy, and new Fed Chief Janet Yellen.watch more
For a quarter of century, Merit is a trusted financial partner for thousands of
investors of gold and precious metals
Widely recognized as an honest,
responsible and highly ethical institution,
Merit has a perfect rating
Each year more investors, financial
planners and collectors become part of our
community of highly satisfied customers
Nearly 50,000 men and women in the armed forces have been injured in the wars of Iraq and Afghanistan. To support those who have risked their lives for their country, Merit has developed the Wounded Warrior Project. This program provides unique, direct assi...read more