Mike Maharrey
Mike Maharrey is a journalist and market analyst for MoneyMetals.com with over a decade of experience in precious metals. He holds a BS in accounting from the University of Kentucky and a BA in journalism from the University of South Florida.
Mike Maharrey Articles
Gold is fundamentally money, but there is demand for the yellow metal in industry and technology. Industrial and tech demand accounted for 83 tons of gold in the third quarter, a 7 percent year-on-year increase. It was a 2-ton increase...
India has brought more of its gold home. Last spring, the Reserve Bank of India repatriated 100 tons of gold, moving it from the UK to vaults within India's borders.
ETF gold holdings globally increased for the sixth straight month in October. Big flows of gold into North American and Asian ETFs offset outflows from European-based funds.
After slowing in August, central bank gold buying rebounded in September. On net, central banks globally added 40 tons of gold to their reserves. This compares to an 8-ton increase in global central bank gold holdings in August, according...
Gold and silver have been on a tremendous run in 2024. In fact, they are the two best-performing assets this year.
Central bank gold buying slowed modestly in the third quarter but remained strong. According to the latest data compiled by the World Gold Council, central banks globally increased gold reserves by a net 186 tons in Q3. This was down by...
There's been a lot of talk about the demise of the dollar.Has the threat of de-dollarization been greatly exaggerated? Or is the greenback's role as the global reserve currency really being threatened?In this episode of the Money Metals'...
Gold demand set a third-quarter record, driving the price to a series of record highs. Including over-the-counter (OTC) sales, gold demand came in at 1,313 tons in Q3, a 5 percent year-on-year increase.
The universe seems to know the dollar is in trouble. During a recent news conference, a reporter asked Treasury Secretary Janet Yellen, "How concerned are you about the potential impact of the dollar's status as the world reserve currency?"
A recently announced Chinese economy stimulus package could provide a shot in the arm for the Chinese gold market. China ranks as the world's number one gold consumer.
