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
The platinum price is at the highest level in a year and could be set to break out. Over the last four years, platinum has traded in a range between $900 and $1,100 an ounce. On Friday morning, the metal was just a tick above that $1,100...
Chinese gold imports hit an 11-month high in April as prices continued to surge to record levels. According to the latest customs data reported by Bloomberg, gold imports reached 127.5 tonnes, a 73 percent increase from the prior month.
Poland now holds more gold than the European Central Bank. National Bank of Poland (NBP) governor Adam Glapiński noted this fact during a recent press conference, saying he views gold as a shield against global instability and a...
Every once in a while, you’ll hear some talking head on a financial network claim that gold is “a useless metal.” This is an absurd statement.
Gold is helping unlock mysteries of the universe. In December 2021, the James Webb Space Telescope (JWST) was launched. Over the last several years, the telescope has produced stunning images that are helping scientists to better...
A Singapore-based startup hopes to challenge New York and London's dominance of the gold market. Abaxx Exchange recently launched a physical 1-kilo gold contract. It will be denominated in dollars and deliverable in Singapore. It will be...
What is the current inflation situation? If you just go by the CPI, things are looking pretty good. We got a better-than-expected “inflation” report for the third straight month. Prices rose 2.3 percent on an annual basis in April, the...
Those golden bulls have grabbed some attention. According to the latest Gallup poll, gold has overtaken stocks and is now viewed as the second-best long-term investment in America, trailing only real estate.
Rising gold prices have spurred investment demand, especially in the East, and helped drive Q2 gold demand to the highest level since 2016. In China, demand for gold bars and coins charted the second strongest quarter on record.
Flows of gold into Asian ETFs exploded in April, driving global ETF gold holdings higher for the fifth straight month. Last month, 115.3 tonnes of gold poured into gold-backed funds globally. It was the strongest month since August 2022.
