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Gold price comes close to breaking $2,000 as Middle East tensions escalate

Gold is currently trading close to its record high, at $1,985/oz, having risen steadily since the start of the Israel-Hamas war on 7 October. The traditional real asset inflation-hedge remains a favoured investment in times of geopolitical volatility — as it can act to preserve purchasing power through inflationary periods and also hedge against falling equities. For…

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gold around $2,600/oz is a buying opportunity

Gold Price Forecast: XAU/USD recovers US PMI-led losses but stays below $2,000

Gold price snaps the losing streak, trading higher around $1,970 per troy ounce during the Asian session on Wednesday. The price of the precious metal receives upward support due to the stable US Dollar (USD) post-trimming recent losses. Moreover, being a non-interest-bearing asset, the opportunity cost of holding Gold eases, which could be attributed to the downbeat…

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Gold & Silver Parabolic Moves Ready For Another Upside Launch $10,000-$15,000 Gold, But Look At Silver!

As King World News continues to focus on the big picture during what has been a period of tremendous volatility, gold and silver parabolic moves are ready for another upside launch targeting $10,000-$15,000 for gold, but look at silver! Gold October 18 (King World News) – Graddhy out of Sweden:   Double backtest for Gold priced in all world…

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Silver looks better than Gold in 2024 according to LBMA survey

Although the Federal Reserve is expected to maintain interest rates at restrictive levels through most of 2024, geopolitical uncertainty will continue to support gold prices in the next 12 months, according to sentiment during the London Bullion Market Association 2023 Global Precious Metals Conference. According to the LBMA’s annual end-of-conference survey, conference participants said they expect…

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