Gold Archives - Page 119 of 133

Steel will be the strongest trade in the first quarter of 2024, and base metals will rally during the second half of the year, but summer will be gold’s time to shine, according to metals strategists at Bank of America. In their recently published Metals and Mining Outlook for 2024, the BofA analysts said that while the war…

Gold

November 28, 2023439Views 0Likes 0Comments

The Financial System has Reached The End

The world is now witnessing the end of a currency and financial system which the Chinese already forecast in 1971 after Nixon closed the gold window. Again, remember von Mises words: “There is no means of avoiding the final collapse of a boom brought about by credit expansion.” History tells us that we have now reached the…

Gold

November 28, 2023408Views 0Likes 0Comments

Goldman says ‘shine is returning’ for gold as investors ramp up bets on rate cuts

Gold prices on Monday rose to a more than six-month high as the U.S. dollar weakened and investors firmed up bets that the Federal Reserve is done with interest rate hikes. Spot gold was up 0.52% at $2,012.39 per ounce at 1:47 p.m. London time, but reached a May 16 high of $2,017.82 earlier in the…

Gold

November 28, 2023490Views 0Likes 0Comments

Gold, silver hit multi-week highs on weak USDX, bullish charts

Gold and silver prices are moderately higher near midday Monday, but down from their daily highs. February gold hit a four-week high and March silver a three-month high today. The precious metals are seeing buying support from a slumping U.S. dollar index that is trading near last week's three-month low. The technical postures for both metals…

Gold

November 27, 2023344Views 0Likes 0Comments

XAU/USD climbs above $2,000 on the weaker Dollar, focus on the US GDP, PCE data

Gold price (XAU/USD) holds above $2,000 during the early Asian trading hours on Monday. Yellow metal's rally is fueled by expectations that the US Federal Reserve (Fed) would not raise the interest rate further. At press time, the gold price is trading near $2,001, losing 0.04% on the day. Meanwhile, the US Dollar Index (DXY), an…

Gold

November 24, 2023371Views 0Likes 0Comments

Gold prices below $2,000, but seasonals remain favorable

Although gold remains stuck below $2,000 an ounce, some analysts remain optimistic that all-time highs are an achievable target by year-end or into the new year. In quiet holiday trading, spot gold prices have stabilized Thursday at an elevated level, last trading at $1,992.20 an ounce, up 0.15% on the day. Analysts are not expecting to see much of a rally…