Platinum Archives - Page 53 of 57

The government of Malaysia is actively exploring the idea of using the gold dinar as a reserve currency, the country’s leader said today. Prime Minister Datuk Seri Anwar Ibrahim told the Dewan Rakyat, Malaysia’s lower house of parliament, that the use of the gold-backed currency will be discussed during an upcoming meeting on Islamic economics and finance to…

Gold

October 16, 2023415Views 0Likes 0Comments

Gold Price Forecast: XAU/USD hovers around $1,925 amid the geopolitical tensions, Chinese stimulus hope

Gold price (XAU/USD) posts modest losses around $1,925 during the early Asian session on Monday. The market sentiment is mixed as investors have some hope for a new round of Chinese stimulus plans to boost the economy, while the geopolitical tensions between Israel and Palestine remain the focus. Meanwhile, the US Dollar Index (DXY), a measure…

Gold

October 16, 2023399Views 0Likes 0Comments

Wall Street analysts and retail investors reach bullish consensus on gold prices

Gold prices saw their strongest performance since early spring this week, with the precious metal buoyed by short covering and a strong safe haven bid at both the beginning and the end of the week. The latest Kitco News Weekly Gold Survey sees market analysts and retail investors with a near-identical bullish consensus on the yellow metal's…

Gold

October 16, 2023504Views 0Likes 0Comments

Gold and Silver Price Forecast: Geopolitics Send XAU/USD & XAG/USD Flying

Gold (XAU/USD) and silver (XAG/USD) were wounded after September U.S. inflation beat consensus estimates and sparked a surge in U.S. Treasury yields, but managed to stage a remarkable turnaround on Friday, rallying about 3.2% and 4.0% respectively on risk-off mood, brought on by escalating geopolitical tensions in the Middle East. The financial world has been on…

Gold

October 16, 2023467Views 0Likes 0Comments

Gold futures gain $58 as safe-haven buying moves gold dramatically higher

Gold futures basis the most active December contract is trading dramatically higher, up $58.50 and fixed at $1941.40. Today’s surge in gold pricing is the direct result of attraction by market participants to move a portion of their portfolio into a safe haven asset. This is the direct result of the current geopolitical conflict between Israel and…

Gold

October 13, 2023391Views 0Likes 0Comments

Central Banks a Catalyst for $2,100/oz Gold

Analysts from Toronto-Dominion Securities (TDS) are out with a research note highlighting how healthy demand for Gold coupled with a future dovish twist from the Federal Reserve could see future Gold prices heading over $2,000 per ounce. Early data on central bank gold purchases show that buying activity continued to be robust in September. China once…

Gold

October 12, 2023431Views 0Likes 0Comments

More price gains for gold, silver on safe-haven buying

Gold and silver prices are higher in early U.S. trading Wednesday, on more safe-haven demand amid the Israel-Hamas war that could well escalate in the near term. Notions of continued pause in Federal Reserve interest rate increases are also a bullish element for the metals markets. December gold was last up $9.80 at $1,885.10 and…

Malaysia is actively exploring the gold dinar as a new reserve currency

Gold Price Forecast: XAU/USD hovers around $1,925 amid the geopolitical tensions, Chinese stimulus hope

Wall Street analysts and retail investors reach bullish consensus on gold prices

Gold and Silver Price Forecast: Geopolitics Send XAU/USD & XAG/USD Flying

Gold futures gain $58 as safe-haven buying moves gold dramatically higher

Central Banks a Catalyst for $2,100/oz Gold

More price gains for gold, silver on safe-haven buying

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