• Media
• Special Events
• Show Schedule
• News
• Industry News
• Press
• Articles
• Blog
• Newsletters
• Videos
• Interviews
• Social Media
• Links

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.