Global central banks have been snapping up record amounts of gold
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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…
The US dollar is drifting lower in early trade as US yields slip, but the greenback’s technical outlook remains bullish for now. All eyes now are on Friday’s US Jobs Report.
Longer-dated US Treasury yields remain elevated but have given back a few basis points today after this week’s sharp rise. The supply/demand imbalance seen in longer-dated USTs…