Gold Sentiment Outlook
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Global central banks have been snapping up record amounts of gold
Gold prices are higher and near the daily high in midday U.S. trading Tuesday, on modest safe-haven buying as the Israel-Hamas war continues to unfold with very uncertain consequences.
December gold was last up $9.40 at $1,873.70 and December silver was up $0.061 at $21.975.
The marketplace is keenly focused on the Middle East as Israel has…
The gold price bounced hard off a seven-month low to start this week in the aftermath of the outbreak of war in the Middle East, trading back above US$ 1,860 a troy ounce.
The perceived haven status of the precious metal helped to underpin but it has also seen the tailwinds of a weaker US Dollar…
Gold prices are solidly higher in early U.S. trading Monday, following the surprise Hamas attack on Israel over the weekend. Safe-haven demand is featured as the world has just seen an unexpected major geopolitical shock that has traders and investors spooked. December gold was las up $18.40 at $1,863.40 and December silver was up $0.047 at $21.77.
Asian and European stocks…
The bitcoin price has lost around 60% since peaking at almost $70,000 per bitcoin in late 2021, wiping around $2 trillion from the price of ethereum, XRP and the rest of the crypto market—even as a BlackRock insider primes the market for a $17.7 trillion earthquake.
Now, as the Federal Reserve grapples with a $33 trillion U.S.…
Safe-haven demand is providing new bullish momentum for gold as investors react to Hamas' brutal attack on Israel on Saturday.
Although safe-haven demand has not provided consistent, long-term support for gold, some analysts note that an escalation of tensions in the Middle East is just the latest geopolitical factor that will continue to support the precious…