Headlines from June 18 – 22:
- The case for adding precious metals to your portfolio (Bloomberg)
Chris Gaffney, EverBank World Markets president, said people might want to add precious metals to their investment portfolio because of its cyclical nature. Looking back through the year’s ratio between gold and silver, Gaffney predicted that silver has more room to catch. The expanding economies in India and China leads to growth potentials for demand for gold and other precious metals, according to Gaffney.
- JPMorgan oil trader takes over commodities (Financial Times)
JPMorgan has appointed its top oil trader as the new head of its commodities division, the latest move in a business that has reinvented itself since selling the bulk of its physical operations two years ago.
- Gold at a three-week low (Kitco)
Gold prices ended the U.S. day session lower and hit a three-week low Wednesday. The yellow metal was weighed down by a rallying U.S. dollar index this week and by the better risk appetite seen in the world marketplace the past couple weeks.
- A touch of precious metals in Porsche’s new car (Tech Guru Daily)
As mentioned by the automaker, the Cayenne Platinum Edition (PE) gets a like-to-like design with the RS Spyder, mostly recognized by its 20-inch wheels. “With purposefully selected materials. For an even greater sense of style. With eye-catching details, like the Porsche Crest on the headrests. For that certain ‘je ne sais quoi’.”