China continued to dominate the gold market in 2023
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Gold Mining Stocks, A Clear and Compelling Investment Case
January 18 John Hathaway, Senior Portfolio Manager at Sprott Asset Management: We offer herein an investment rationale for gold mining equities that rests primarily on investment fundamentals particular to the mining sector. Speculation on the future course of the gold price takes a back seat. A tailwind…
How Will Price Perform In 2024
Gold price (XUA/USD) remains under pressure below the mid-$2,000s during the early Asian session on Wednesday. The ongoing US Dollar (USD) demand and higher US Treasury yields drag the yellow metal lower. At press time, the gold price is trading at $2,025, losing 0.09% for the day.
The US Dollar Index (DXY), a measure of the value of the USD against…
Gold price (XAU/USD) continues to enjoy decent demand on Monday’s European session amid multiple tailwinds. The precious metal is attracting investments as market participants seem more convinced about the Federal Reserve (Fed) reducing borrowing costs from March after the release of the surprisingly soft Producer Price Index (PPI) numbers for December.
Investors expect that a decline in the…
Gold price (XAU/USD) bounces off the weekly low of $2,013 to $2,030 during the early Asian session on Friday. Nonetheless, the upside of the yellow metal might be limited due to the possibility that the Federal Reserve (Fed) may not begin cutting interest rates as early as expected, which might exert some selling pressure on…
Gold price (XAU/USD) turns volatile as United States Bureau of Labor Statistics (BLS) has reported hotter-than-projected Consumer Price Index (CPI) data for December. Annual headline inflation accelerated to 3.4% against expectations of 3.2% and the former reading of 3.1%. In the same period, the core CPI that excludes volatile food and oil prices at 3.9%…