Sunday, June 26, 2016

Dawn Staley, Kellie Harper and others wish Pat Summitt a happy birthday


Geno Auriemma on Pat Summitt"s Impact - SportsCenter (04-19-2012)
By Tory Barron | Jun 14, 2016espnW.com

Pat Summit might not be coaching on the sidelines anymore, but her impact on the women"s game is felt as strongly as ever.

The legendary Tennessee Vols head coach, who amassed eight national titles and 1,098 wins during her 38-year reign in Knoxville, turned 64 years old today.

In honor of her birthday, members of the basketball community took to Twitter to share their well-wishes and acknowledge her awesomeness:

Summitt once said, "You can"t always control what happens, but you can control how you handle it." A line that serves to properly sum up her coaching outlook and the depth of her character.

Despite being diagnosed with early-onset Alzheimer"s in 2011, Summitt continues to lead an inspiring life and seeks to spread awareness and find a cure for the crippling disease.

Happy birthday to a living legend!

See something entertaining on social media that you think deserves to be shared? Let me know on Twitter @Tory_Barron.

Source: http://espn.go.com/espnw/culture/the-buzz/article/16204861/pat-summitt-turns-64-years-old-social-media-reaction

Continue Reading ..

Watch USA Vs. Colombia Copa America Third-Place Game Online (Live Stream)


USA vs. Colombia | 2016 Copa America Highlights

Copa America 2016 is winding down, and United States will showcase itself one last time before the curtains are drawn.

Team USA will meet Colombia on Saturday at University of Phoenix Stadium in Glendale, Ariz., in the third place game of the Copa America Centenario. The U.S. and Colombia progressed from Group A as the first- and second-place finishers, respectively, but their pursuit of gold ended in the semifinals.

The teams will meet for the second time this month in the third-place game. Colombia on June 3 defeated the U.S. 2-0 in the tournament opener. Much has changed for the two sides in the intervening three weeks and five games. Well learn exactly what has shifted Saturday.

Heres how to watch USA-Colombia online.

Start Time: Saturday, June 25, at 8 p.m. ETTV: FOX,UnivisionLive Stream: FOXSports Go

Click for our USA-Colombia live blog >>

Thumbnail photo via Kelley L c*x/USA TODAY Sports Images

Source: http://nesn.com/2016/06/watch-usa-vs-colombia-copa-america-third-place-game-online-live-stream/

Continue Reading ..

Saturday, June 25, 2016

Johnny Manziel"s lawyer doubts player can stay clean and seeks plea deal


Johnny Manziel Has a New Roommate

An attorney handling Johnny Manziels domestic violence case expressed doubts about the Heisman Trophy-winning quarterbacks ability to stay clean and said he was given a receipt that shows Manziel may have spent more than $1,000 at a drug paraphernalia store just 15 hours after he was involved in a hit-and-run crash, according to a lengthy text message accidentally sent to the Associated Press.

Defense attorney Bob Hintons text indicated Manziels legal team was seeking a plea deal with prosecutors, but suggested that could be tricky.

Heaven help us if one of the conditions is to pee in a bottle, the attorney wrote.

Hinton also wrote that he had been emailed a heads up receipt which purports to reflect that Manziel made a purchase of $1,018.77 at a Gas Pipe store at 12.03pm on Tuesday, less than a day after his crash. A manager at a Gas Pipe location not far from where Manziels crash was reported declined to discuss whether he bought anything there. A sign in the store says ID is required for purchases above $200.

I dont know if the receipt is legitimate or not, Hinton responded when asked about it by the AP. I just know that it doesnt say Johnnys name on it anywhere that I can see. Its just that somebody in that store, I guess, circulated that to the other store managers and employees saying, Guess who was here today and spent this amount of money. Thats all I know.

The errant text was sent Wednesday after the AP sought comment via text about Monday nights crash. When asked about the text, Hinton said he had meant to send it to co-counsel Jim Darnell and was unaware the AP had received it instead. He insisted the contents were protected by attorney-client privilege and threatened to sue if certain details were published.

Manziels spokeswoman, Denise Michaels, said in a statement to the AP that Hinton has always only operated on the periphery of this case.

Lead counsel Jim Darnell has told me from the beginning that he would never have Johnny plead guilty in this and that position has not changed, Michaels said.

The text shows that Manziels attorneys are pushing for leniency, even as they grapple with indications he could still be struggling with substance abuse more than a year after his stay in a rehab center. The charges the former Cleveland Browns quarterback is facing come amid heightened scrutiny of legal cases involving professional athletes following domestic violence accusations against NFL players Ray Rice and Greg Hardy.

The 23-year-old Manziel is accused of hitting and threatening former girlfriend Colleen Crowley during a night out in January. He faces a misdemeanor assault charge that carries a penalty of up to a year in jail and a $4,000 fine.

As the case has played out, the 2012 Heisman winner at Texas A&M has been photographed partying from Hollywood to Las Vegas to New York in recent months, and his own family has expressed concern about his well-being after he was cut by the Browns this year following two underwhelming seasons. On Friday, Manziels father, Paul, told ESPN.com his son has refused repeated efforts to help him.

I dont know what to say other than my son is a druggie and he needs help, he told the website. If I have to bury him, Ill bury him. Thats the fact. So if not, if he calls me and needs help, Ill go get him. Until then, hes on his own. Ive done everything I can do.

Hintons text said the Gas Pipe receipt was sent to him by an attorney who is involved in a federal case accusing two people affiliated with the chain of making and selling synthetic marijuana. Michaels called the purchase a rumor.

We dont know for sure whether the receipt does or doesnt represent a purchase he made since there are always unfounded stories flying around, but we all make it a policy to keep each other up to date on them, she said.

Hinton also wrote that he had met Wednesday morning with Jerry Varney, an administrative chief in the Dallas County District Attorneys Office.

He is very interested in working with us to arrive at some agreement in the case, he wrote. A spokeswoman for the DAs office did not comment.

Dallas police said Manziel reported that his car had been struck Monday night in a hit-and-run, but Hinton said in the text that there was conflict as to whether Johnny reported it or not. Manziel was not seriously injured.

Its unclear how close Manziels domestic violence case is to being resolved. Similar cases usually result in deferred adjudication probation, meaning the charges are dismissed after one to two years, said David Finn, a Dallas attorney and former judge who is not associated with the Manziel case.

Finn said drug-testing conditions depend on whether the defendant has shown a pattern of substance abuse. The defendant is normally required to enroll in anger management classes and a domestic violence program, an outcome similar to that of Dallas Cowboys receiver Dez Bryant when he faced a misdemeanor charge in 2012 over an incident in which he allegedly struck his mother with a hat.

Manziels rise and fall has long been punctuated with headlines for his off-field partying. The Browns selected the player dubbed Johnny Football in 2014, but he struggled on the field and was dropped this year. Since the 2015 season ended, two agents have cut ties with Manziel after demanding a second trip to rehab. He also faces potential punishment from the NFL under tougher standards regarding domestic violence cases adopted in 2014 following the Rice case. However, he is not currently with a team, and therefore not subject to league policies.

The allegations stem from a night out on Jan. 30. Crowley alleged Manziel accosted her at a Dallas hotel, a confrontation that continued downstairs to the valet station. She said he forced her into a car and that a valet disregarded her pleas for help.

The two eventually drove to where her car was parked in front of a Dallas bar, she said in an affidavit. She said Manziel got into the drivers seat and began to drive. Crowley said Manziel stopped when she tried to jump out of the car, but that he then dragged her back inside and hit her.

Source: http://news.google.com/news/url?sa=t&fd=R&ct2=us&usg=AFQjCNGA5BMciS5zHavsmY_PGUOD7OOw0g&clid=c3a7d30bb8a4878e06b80cf16b898331&cid=52779139257107&ei=q2hvV_ikOti73gHX2qCwAg&url=https://www.theguardian.com/sport/2016/jun/25/johnny-manziel-lawyer-text-message-addiction-plea-deal

Continue Reading ..

Bill Cunningham, Iconic "New York Times" Photographer, Dies At 87


The Bill Cunningham Show""Lie detector tests give answers to suspicious people.""

Bill Cunningham, at the 2016 NYSPCC Spring Luncheon on April 12. The iconic New York Times photographer died on Saturday at age 87. Rob Kim/Getty Images hide caption

toggle caption Rob Kim/Getty Images

Bill Cunningham, at the 2016 NYSPCC Spring Luncheon on April 12. The iconic New York Times photographer died on Saturday at age 87.

Rob Kim/Getty Images

Legendary New York Times fashion photographer Bill Cunningham, beloved for his street-style images, has died at the age of 87. Cunningham"s death was reported by The Times and confirmed by Eileen Murphy, a spokeswoman for the newspaper.

His death comes two days after he was reportedly hospitalized following a stroke. He had photographed for the Times for nearly four decades, beginning in 1978 after a chance photograph of Greta Garbo got the attention of the paper.

"To see a Bill Cunningham street spread was to see all of New York," New York Times Executive Editor Dean Baquet said in a tweet posted to the newspaper"s Twitter account Saturday afternoon.

A Boston native, he attended Harvard on scholarship but dropped out in 1948 to move to New York City. Cunningham then worked a number of jobs including advertising, writing a freelance column for Women"s Wear Daily and served a stint in the U.S. Army before he got his first camera, the instrument that transformed his life.

Says the Times:

"Around 1967, he got his first camera and used it to take pictures of the "Summer of Love," when he realized the action was out on the street. He started taking assignments for The Daily News and The Chicago Tribune, and he became a regular contributor to The Times in the late 1970s, though over the next two decades, he declined repeated efforts by his editors to take a staff position."

Cunningham was noted for his individual flair for fashion including his trademark blue jacket and personal expression. This fashion sense was evident in his eye for candid photos of everyone, ranging from the everyday person to celebrities and socialites.

He also photographed clothes at Easter parades, jitterbugging fetes on Governor"s Island and summer street fairs.

"He was everywhere," Jacki Lyden reports for NPR"s NewsCast. "At Met Galas, the Chelsea Piers, New York Fashion Weeks all on his beloved bicycles. He wore a French blue working man"s jacket, had a crown of white hair and he ignored hubbub for what he saw in his lens."

His life and work were the subject of 2010 documentary, Bill Cunningham New York. Four years later, many of his early photographs long before his images graced the pages of the Times were featured in a series by the New-York Historical Society.

SwankConsultingFirm YouTube

"Taken between 1968 and 1976, he worked on a whimsical photo essay of models in period costumes posing against historic sites of the same vintage," The Associated Press says of the series.

Cunningham received many accolades for his work, among them the Officier de l"ordre des arts et des Lettres by the French Ministry of Culture in 2008 and the Carnegie Hall Medal of Excellence in 2012.

"His company was sought after by the fashion world"s rich and powerful, yet he remained one of the kindest, most gentle and humble people I have ever met," Arthur Ochs Sulzberger Jr., the Times" publisher and chairman said.

"We have lost a legend, and I am personally heartbroken to have lost a friend."

Source: http://www.npr.org/sections/thetwo-way/2016/06/25/483538774/bill-cunningham-iconic-new-york-times-photographer-dies-at-87

Continue Reading ..

Taylor Swift and Kim Kardashian"s Feud Over Kanye West"s "Famous" Line Escalates (EXCLUSIVE)


REACTING TO KANYE WEST"S "FAMOUS" (Reaction)

This feud is getting nasty!

Kim Kardashian, 35, slammed frenemy Taylor Swift, 26, in her latest interview with GQ, in which she remained adamant that the pop star knew Kim"s husband, Kanye West, 39, would take aim at her in his song "Famous."

Now In Touch can exclusively reveal the TRUTH behind that infamous lyric, "I feel like me and Taylor might still have s*x. Why? I made that b***h famous" which Tay"s camp swore she did not grant Yeezy permission to sing.

(Photo Credit: Getty Images)

A source exclusively reveals that Kim "is sick of everyone thinking that Taylor is holier-than-thou" after the two musicians discussed the lyric at length.

"Taylor spent the whole conversation with Kanye kissing his a*s, telling him what a genius he is," the insider adds. "The more she keeps coming after him, the more it looks like she has something to hide."

RELATED: Pregnant?! See Kylie Jenner"s Shocking Baby Announcement

Taylor has already taken legal action and, to no one"s surprise plans on writing harsh lyrics about the reality star.

(Photo Credit: Getty Images)

Don"t expect Kanye to sit this one out, either. The source notes "he"s planning an epic takedown on his upcoming tour."

"It"s going to be absolutely merciless."

For more on this story, pick up the latest issue of In Touch, on newsstands now!

Source: http://www.intouchweekly.com/posts/taylor-swift-kim-kardashian-feud-105884

Continue Reading ..

Keith Thurman vs. Shawn Porter: Final Press Conference


Keith Thurman Highlights 2016 (Greatest Hits)

Check out the full final presser for Thurman-Porter ahead of tomorrow night"s welterweight title fight.

Press Z to read next comment. R to reply.

Close [% if (data.comment.signature && data.settings.showSignatures) { %]

[%= data.comment.signature %]

[% } %] [% if (data.comment.is_editable) { %] [% } %]

Source: http://www.badlefthook.com/2016/6/24/12023778/keith-thurman-vs-shawn-porter-final-press-conference

Continue Reading ..

Gold price hit another high this week - how can you invest?


It Will Happen Before the End of July - Gold Price $1300 3 Taps and Out

The gold price soared against the pound at the fastest pace ever overnight, says BullionVault, as it became clear the UK had voted to leave the EU.

In common with other assets and markets, the metal had been moving in line with strong expectations of a Remain win and dipped in the lead up to the poll, dropping as low as $1,255 an ounce. However, as results stacked up for Out, the price surged 22 per cent to a high of $1,360, the Daily Telegraph reports.

Gold"s spot price has dipped since, but its still up strongly by four per cent, reaching $1,316 at around 12.15pm in London today, $3 above the fresh 2016 high of last week.

Gold is seen as a safe haven at times of market turmoil and that is certainly a fair way to characterise today. The FTSE lost 120bn of its value before recovering slightly, the pound hit 30-year lows and markets as far away as Japan plummeted eight per cent.

Precious metals strategist Tom Kendall, of ICBC Standard Bank, said gold was also benefitting and would continue to do so in the coming weeks because, with the negative effects of Brexit on the global economy being watched closely, it is now highly likely that the Fed will be unable to hike rates this year". Gold is typically negatively correlated with interest rates, as its opportunity cost is much higher during periods when alternative assets such as cash are organically accumulating value.

It seems the search for a safe haven was hitting ordinary savers too: Google revealed that the number of searches for the phrase"buy gold" spiked by 500 per centlast night. Investors can buy physical gold from the likes of BullionVault or the Royal Mint, or get access to bullion through an ETF that directly tracks the price.

Many might instead opt to trade in gold-mining shares, which tend to move in line with the gold price and can even rise at an even faster rate. However, they are also prone to volatility like any other share. On the FTSE 100 this morning, Randgold Resource was one of the few risers, surging 20 per cent.

1.

2.http://www.telegraph.co.uk/business/2016/06/24/buy-gold-searches-soar-500pc-after-britain-votes-to-leave-eu-her/

Gold price hit another high this week - how can you invest?

17 June

A retired engineer, known only as Ron, made the news this weekfor cashingin all his investments to buy 850,000 in gold bars.He"s lost faith in the stock markets and has buried the treasure in his back garden for his family to find later.

Given the shaky nature of the stock markets and the big events on the horizon that could cause more upset Brexit and the US election for a start Ron could be forgiven for his Armageddon-like approach to his investments. After all, gold is traditionally seen as a safe haven asset that historically performs well when the stocks markets falter.

The gold price has already risen by 20 per cent this year - it hit a new 2016 high above $1,313 an ounce earlier this week - but it remains 30 per cent below the record high of $1,900 it reached in 2011. The spot price is hovering a little below $1,290 this afternoon, as stocks enjoy a respite rally at the end of a tough week.

So, if you want to add a bit of gold to your portfolio, whats the best way to do it?

Well, dont bury it in your back garden. Its expensive Ron had to hire a digger and requested the gold was delivered in batches when the weather was good so he could bury it and it is very risky. There is unlikely to be an insurance company out there prepared to cover Rons gold stash.

If you want to hold physical gold you are better off choosing a company like BullionVault or the Royal Mint who will store your gold for you.

Physical gold has advantages as an investment. Firstly, you are getting direct exposure to the gold price that isnt affected by secondary factors and costs. Secondly, there are tax benefits to buying physical gold: purchases of gold coins and bars are VAT-free and any profit you make on gold coins is exempt from capital gains tax.

The costs of investing in physical gold can be quite low too. Bullionvault charges 0.12 per cent a year for insurance and storage, while the average gold ETF charges 0.4 per cent a year.

One of the key drawbacks to physical gold is that it attracts no interest and so, while a safe store of value, its only way of accumulating value is gains in the gold price. In short, you don"t buy bullion to build value - that would amount to a fairly speculative bet on the commodities market - but rather to hedge price volatility elsewhere in your portfolio.

Alternatively, you could choose to invest in a gold fund instead.

The benefit here is it is simpler as you can invest via your usual stock broker or investment platform. It also means you can hold gold within your pension something which is possible with physical gold but very difficult to do. One of the most popular choices is the Blackrock Gold & General Fund, which charges an annual management fee of 1.75 per cent.

The problem with funds is they tend to invest in gold miners rather than directly in gold and this means they carry increased risk, as your investment will be affected by the individual performance of miners in the same way as any stocks-based fund. Traditionally, gold mining stocks lag the gold price when it is rising and fall faster when it drops.

A better option might be a gold ETF which directly tracks the gold price and are cheaper than gold mining funds with annual fees of 0.25 per cent-0.5 per cent. Two of the most popular are ETF Securities Gold Bullion Securities and iShares Physical Gold.

Gold hits two-week high and could rise to $1,275 - or fall to $1,190

6 June

The gold price has broken out of a protracted slump and rose overnight to its highest level in two weeks after a weak US jobs report shocked markets.

Positive readings in recent weeks on everything from industrial production to consumer spending had given rise to speculation that US rates could this month be hiked for only the second time since the financial crisis.

This was supported by hawkish comments by a number of Federal Reserve rate-setters, including chair Janet Yellen, who singled out labour market statistics as key in determining the central bank"s stance.

There was, therefore, intense focus on Friday"s jobs report, which was expected to be robust after months of employment expansion.

In the event, though, the figures were hugely disappointing. At a meagre 38,000, not only was the number of new roles created in May the lowest for five and a half years, but the figures in previous months were also revised lower.

Chances of a rates hike in June, as implied by market bets on federal fund futures, have fallen to near zero. The dollar slumped to its worst one-day fall since December.

Both of these movements support higher gold, which carries a heavy opportunity cost when rates are rising and which is cheaper for overseas investors when the dollar is low. Gold is also traded as a currency and so moves inverse to the dollar in general.

Gold"s spot price rose 2.8 per cent on Friday, its biggest one-day gain since February, and it hit $1,248 an ounce overnight in the Monday Asian trading session, the highest since 24 May. It was slightly lower at $1,240 at around 11.30am in London today.

Where will gold go now? If expectations of no rates rise this month are borne out, then it could surge as high as $1,275 in the short term, INTL FCStone analyst Edward Meir told Reuters. But, he adds, it is unlikely to return to its May high of $1,300 and could even dip.

This is based on the fact that the macro picture for the US economy remains strong and that a rates rise in July cannot yet be ruled out, especially as the jobless rate remains under the full-employment estimate of five per cent it fell to 4.7 per cent in May.

"Payroll employment growth will rebound noticeably in June, the jobless rate will hold well under 5 per cent, and the Fed will hike rates in July," JPMorgan economist Robert Mellman told the Financial Times.

Gold price dips below $1,200 - is the rally now over?

31 May

Gold"s prolonged winning streak came to an abrupt end this month.

The yellow metal has been by far the standout performer in a volatile four months for markets. By the end of April, it was up 21 per cent to above $1,260 an ounce, says the Daily Telegraph, and as recently as 2 May, it hit an intraday high in excess of $1,300.

But things have changed markedly over the past ten or so days.

In its ninth consecutive losing session, gold dipped below $1,200 overnight for the first time since mid-February, before recovering slightly. The spot price was down 0.3 per cent at a little more than $1,210 in London at 10.30am today.

This all coincides with increased speculation on a second rates rise in the US, after a tentative first move back in December.

Minutes from April"s meeting of the Federal Reserve Open Markets Committee, which saw a near-unanimous vote to hold borrowing costs, revealed a majority of rate-setters could support a hike as soon as June. This has been backed since by hawkish comments from a number of panel members, including, most recently, Janet Yellen on Friday.

Following positive reports on US inflation, consumer spending, industrial production and overall economic growth, the Fed chair said that if improvements continue "and I expect those things to occur" another rates rise "in the coming months would be appropriate".

If rates rise, the opportunity cost of holding non-yielding gold increases, while a rise in the dollar that tends to follow would make the metal more expensive overseas and weigh on demand. Also, as a hike would reflect positive economic performance, it could also be accompanied by rise in appetite for riskier assets, building on the stock market rally of recent weeks.

Hedge funds and other money managers last week cut bullish bets on gold to the lowest in almost two months, Reuters reports. This mirrors a similar move in November, ahead of the last rates hike, which presaged a sharp drop in the metal from $1,200 to $1,050 an ounce, Commerzbank analysts noted.

There are still those betting on gold gains in the weeks ahead, however. "The potential for hedging ahead of the UK"s referendum on EU membership" next month could help gold return to $1,300, James Steel, the chief precious metals analyst at HSBC,told the Telegraph.

Gold price hits seven-week high as dollar dips

29 April

The price of gold hit a seven-week high this morning, with spot touching $1,280.60 per ounce. By 12.30pm UK time, spot gold was at $1,277.61, up nine per cent on its last close, while US gold futures for June delivery were up $13.60 at $1,280.00.

For the week, gold is up 3.5 per cent, its best performance since early February. Silver, meanwhile, went from strength to strength, reaching its highest price since January 2015 this morning.

Investors are flocking to the precious metal because of a much weaker dollar and the poor performance of stock markets. Gold is priced in dollars, so a weak dollar makes it a more attractive investment to non-US buyers. It is also seen as a "safe haven" investment when stock markets are volatile.

The Bank of Japan"s decision yesterday not to expand its monetary stimulus programme led to a downturn on the stock markets today, according to Reuters, giving gold a boost.

The US Federal Reserve"s decision on Wednesday not to change interest rates and its failure to spell out when it might raise them has also pushed investors towards the precious metal, says Reuters.

Naeem Aslam of Ava Trade suggested the significant milestone of $1,300 per ounce could be just around the corner. He said: "Investors" confidence is in jeopardy after the Bank of Japan"s decision, and further fuel has been added by US corporate earnings.

"The FOMC [Fed] statement released earlier has not supported sentiment, and all these elements have added to one thing risk-off trade. Hence we are experiencing this surge in the gold price. The next level of 1,300 is very much reality now."

According to the Wall Street Journal, one "cloud on the horizon" for the precious metal is the "weak demand landscape" in Asia. China"s gold consumption fell 3.9 per cent year-over-year to 318.3 tons in the first quarter of this year, says the newspaper.

Gold price slips ahead of US Federal Reserve meeting

26 April

The price of gold has fallen, with investors becoming jittery ahead of a meeting of the US Federal Reserve rate-setting committee later today.

At 9.30am UK time, spot gold was down $3.70 on yesterday"s closing price, hitting $1,233.30 per ounce. There was little movement on silver, at $16.96 an ounce. Traders are awaiting "clearer signals" from the Fed, saus Bloomberg.

While most investors do not believe a rate hike will be announced after the Federal Open Market Committee (FOMC) meeting today, many will look closely at its statement for any clues of a future rise.

James Steel, of HSBC, said: "No rate hike this week would be positive, but since this eventuality is already widely anticipated, according to the Fed futures, any support for bullion may be limited.

"The stronger the hint for a June hike by the FOMC, the more gold is likely to weaken. But declines may be limited if the Fed is only expected to hike rates twice this year. We believe this number of hikes is already priced in to the market."

The metal ended the US day session moderately higher yesterday, thanks to a "short-covering bounce in the futures market and bargain hunting in the cash market", Forbes reports.

The bounce was "corrective", adds the magazine, and was helped by a weaker US dollar. Gold is priced in dollars, so often enjoys a burst of investment when the dollar falls relative to other currencies.

Gold price dips but maintains its weekly gain

22 April

The price of gold slipped down again today after yesterday hitting a five-week high.

At 1.31pm UK time, prices had dropped 0.2 per cent to $1,247.26 an ounce - almost $25 lower than yesterday"s $1,270.10. Silver rose 1.6 per cent to $17.26 an ounce.

Despite the fall, the price for the week is still 0.9 per cent up, continuing a buoyant trend. Silver is up six per cent this week and hit an 11-month high yesterday.

A weak dollar has helped gold to its best quarter in nearly 30 years. The precious metal is priced in dollars, making it more attractive to investors when the US currency falls.

It is also a traditional "safe haven" in troubled economic times - and the market volatility which has characterised 2016 so far has pushed the price higher as investors run for cover.

However, with stock markets seemingly out of the troubled waters of the first quarter, some analysts predict gold will soon start to lose value, says Bullion Vault.

"The gold rally is most under threat from the resurgence in investor risk appetite. The move in stocks to fresh 2016 highs, if the run continues, may rob gold of some of the oxygen it needs to continue to rally," HSBC said.

Goldman Sachs, meanwhile, believes the price has peaked, says Reuters.

"We continue to expect that the strengthening of the US labour market will force the Fed to hike rates three times this year, which will lead to a stronger dollar and a gradual increase in US real rates, pushing gold down," analysts said, in a note.

Looking at the medium term, MKS SA chief trader Afshin Nabavi said: "We are seeing people taking some profits after yesterday"s sharp gains but we are likely to stay in the $1,225-$1,275 range for the time being."

Source: http://www.theweek.co.uk/gold-price/61682/gold-price-hit-another-high-this-week-how-can-you-invest

Continue Reading ..