Gold Climbs As Yellen Testifies Before Congress Tangible Investments and GoCoins.com buy and sell rare coins, precious metals, fine art and jewelry.   BBB - Better Business Bureau
 info@gocoins.com Tangible Investments, LLC. | 1910 S Coast Hwy | Laguna Beach, CA 92651 facebook twitter YouTube LinkedIn Google+ Instagram Pinterest Email  
Gold Climbs As Yellen Testifies Before Congress
Posted February 11th, 2014

Laguna Beach, CA., Feb 11 (Tangible Investments)- The price of Gold rose $7.43 or 0.59 percent to close at $1,274.08 an ounce on Monday, this follows a disappointing  non-farm payrolls report on Friday that saw just 113,000 new jobs created in January. Silver tracked Gold higher gaining $0.04 or 0.20 percent to close at $20.04 an ounce. With the week-long Chinese Lunar New Year holiday now over, China’s voracious Gold demand can already be felt in the market as the yellow metal is currently trading at $1,285.00 an ounce this Tuesday morning.

Gold's rise after the tepid jobs report could be a sign that investors are questioning the strength of the economic recovery, and may allow the Fed to slow the scaling back of its massive quantitative easing (QE) program. Janet Yellen will deliver her first testimony as Fed Chairman before the House Financial Services Committee on Tuesday and may face tough questioning on the fragile state of the labor market and the central bank's future pace of QE tapering.

"A hint of a Fed pause is not entirely out of the question given the weak unemployment data we have been getting of late, coupled with a slew of other manufacturing statistics that are pointing to further deceleration," said INTL FC Stone's Edward Meir. Should Yellen indicate a possible pause in the QE tapering due to a weak economy, it would trigger a rally in gold and equities, and break the recent inverse relationship between the two, said Meir.

“The gold vs. S&P 500 20-day rolling correlation is currently at -0.54, after recently reaching -0.63, the lowest level in more than three years. This relationship has been gold's best selling point this year. So while the metal has been a difficult trade from a tactical standpoint; strategically it’s performing well as a portfolio diversifier. Gold deserves more credit for this,” said UBS on Tuesday.

Preserve your wealth and secure your retirement by making a tangible investment in physical Gold and Silver in 2014. Call Toll Free 1.800.741.5014 and allow the friendly staff at Tangible Investments, owned and operated by world-renowned coin expert Silvano DiGenova, to assist you in your next purchase. We hope you will share our site with your friends on Twitter and Facebook, but whatever you do, don't leave the site before claiming your Free Coin.



Gallery or Rarities

View our Selection of Rare Coins

Why Choose Tangible Investments?
Contact Form
Name*

Email*

Message


CAPTCHA Image   Reload Image
Security Code*
Subscribe to Our Newsletter
Professional Memberships
Professional Memberships BBB - Better Business Bureau ICTA - Industrial Council for Tangible Assets NGC - Numismatic Guaranty Corporation PNG - Professional Numismatic Guild ANA - American Numismatic Association PCGS - Professional Coin Grading Service
Follow Us
facebook
twitter
YouTube
LinkedIn
Google+
Instagram
Pinterest
Email
Contact Us
Call: 888.655.9255
Email: info@gocoins.com

Hours of Operation
Monday - Friday 10 AM to 5 PM
Saturday 10 AM to 4 PM
Sunday Closed

Huntington Beach:
16121 Beach Blvd.
Huntington Beach, CA 92647

Laguna Beach:
1910 S Coast Hwy
Laguna Beach, CA 92651

Click Here for Directions
Click Here for Directions
HOME      ABOUT US      BUY FROM US      SELL TO US      LOANS      CONSIGN/AUCTION      SERVICES      MEDIA      CONTACT US
Copyright © 2019 Tangible Investments, LLC. All Rights Reserved. Privacy Policy | Terms & Conditions 
PCGS CO-FOUNDER - MORE THAN $2 BILLION TRANSACTED - 200 YEARS COMBINED EXPERIENCE
Coins & Currency - Gold - Silver - Platinum - Watches - Jewelry
Tangible Investments, LLC. | 888.655.9255 | info@gocoins.com
Huntington Beach: 16121 Beach Blvd. | Huntington Beach, CA 92647
Laguna Beach: 1910 S Coast Hwy | Laguna Beach, CA 92651