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  • Gold dips in volatile market, spot back above $2,400/oz

    • August 5, 2024
    • Category: News

    Gold prices dipped on Monday in a volatile market as investors liquidated their positions amid a broader equities sell-off. Despite this decline, gold’s appeal as a safe-haven asset remains strong, especially as concerns about a potential U.S. recession grow. Spot gold decreased by 0.8% to $2,425.04 per ounce by 0856 GMT. U.S. gold futures also

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  • Which Presidential Candidate Does Gold Prefer?

    • July 15, 2024
    • Category: News

    Gold has historically thrived in periods of economic uncertainty and policy shifts, especially in the context of U.S. presidential elections and their associated policies. This analysis explores how different presidential administrations, specifically under Donald Trump and Joe Biden, have influenced gold prices through their policies and international relations. Gold’s Performance Under Trump and Biden Under

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  • Gold surges past $2400 amid multiple bullish catalysts

    • May 20, 2024
    • Category: News

    Gold prices soared past $2,400 on Friday, driven by a confluence of favorable factors that propelled the precious metal to new heights. June 2024 futures settled at a record $2,419.80, up $39 or 1.64%. Spot gold mirrored this rise, climbing $41 or 1.78% to an all-time high of $2,417.50. This remarkable rally was primarily fueled

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  • Gold price keeps moving around $2,300

    • May 7, 2024
    • Category: Gold, News

    Gold prices have been oscillating around the $2,300 mark, seemingly ensnared in a stalemate that may entice some investors to liquidate, potentially suppressing prices in the short term. This current state of affairs is primarily a result of investors eagerly anticipating more definitive signals from the Federal Reserve, as the likelihood of a rate cut

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  • Gold price rebounds on downbeat NFP data, eyes on Fedspeak.

    Gold prices rebounded during the European session on Monday, breaking a two-day losing streak. This was in response to the market’s digestion of the U.S. employment data, which was weaker than expected. The U.S. Nonfarm Payrolls (NFP) report, a significant economic indicator, has increased the likelihood of a September rate cut by the U.S. Federal

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  • Gold prices hit a record high. What’s behind the surge?

    On Friday, gold prices surged to a record high, marking a significant milestone in a remarkable 17% rally this year. Notably, the pace of gold’s price increase has outpaced the growth of the S&P 500— a widely used benchmark for most 401(k) plans—by more than double, underscoring the strength of the gold market. Experts attribute

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  • Renowned figures in the financial world, Robert Kiyosaki, David Einhorn, and Gary Shilling, are all sounding the alarm on inflation — a concern shared by the Fed.

    • April 9, 2024
    • Category: News

    Paul Volcker, the ‘dragon slayer’ who took decisive action against inflation in the 1980s, left a formidable legacy that current Fed Chair Jerome Powell is still striving to equal. As inflation concerns resurface, Wall Street’s unease heightens, with Powell yet to claim victory over this persistent economic challenge. In a recent announcement, Powell underscored that

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  • Gold Prices Hit Record High as Investors Bet on US Rate Cuts and Watch World Conflicts

    • April 2, 2024
    • Category: Gold

    On Monday, the gold price continued its upward trajectory, marking the fifth consecutive day of gains and reaching a new record high beyond the $2,250 mark during the Asian trading session. The rise comes from the latest US Personal Consumption Expenditures (PCE) Price Index data released last Friday. The data showed a moderate increase in

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  • Solid price gains for gold on big U.S. data dump day

    Last Thursday witnessed notable gains in gold prices during early U.S. trading as they edged closer to recent record highs amid a significant release of U.S. economic data. Silver prices remained relatively stable. The day was packed with key data announcements, including the U.S. GDP data for the fourth quarter and various inflation indexes. Given

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  • Wall Street advises caution on gold prices next week

    Inflation data significantly influenced last week’s movements in the gold market, but as the week progressed, the focus shifted to the Federal Reserve and the anticipated adjustments in interest rates. Following Wednesday’s Federal Open Market Committee (FOMC) meeting, the Fed’s indication of maintaining three projected rate cuts in 2024 sparked a surge in gold prices.

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