Kai Ryssdal
๐ค SpeakerAppearances Over Time
Podcast Appearances
Futures topped $5,000 an ounce over the weekend, first time that has ever happened.
And $5,000 and change per troy ounce is almost twice what gold was just a year ago.
And that's been happening.
As it's been happening, gold has started to displace dollar-denominated assets in the holdings of central banks around the world.
Reuters reports gold now slightly outvalues treasury bonds in those holdings.
And data from the IMF shows U.S.
dollar assets now account for less than half of those holdings in absolute terms, even as gold has risen sharply to make up around 28 percent of those holdings.
That is exactly what you might expect to see happen if the U.S.
dollar were losing its appeal as a safe haven go-to.
Marketplace and Mitchell Hartman gets us going.
Wall Street today, all three major indices moved higher, perhaps expecting good things as big tech companies start reporting profits later this week.
Speaking of momentum, as Mitchell was, we will have the details when we do the numbers.
Don't look now, but we were graced with some more shutdown-delayed government economic data today.
Durable goods orders for November this time.
That is orders for big, expensive things meant to last three years or more.
Your machinery, your airplanes, too.
They were way up in, again, it was November.
But is this a blip or more significant?
Marketplace's Nancy Marshall Genza reports.