Record Gold Pours Into Shanghai as Traders Exploit Futures Gap
Gold inflows into Shanghai Futures Exchange warehouses have hit a record high, driven by traders exploiting the gap between high-priced futures and cheaper spot gold. With futures trading at a premium amid strong speculative demand, banks and traders are delivering physical gold to the exchange to profit from arbitrage. World…
Gold Fields to Industry: Majors Must Step Up in Gold Exploration
At the Diggers and Dealers conference in Australia, Gold Fields’ VP of greenfields exploration, Matthew Crawford, urged major gold companies to take greater responsibility in early-stage discovery, traditionally led by junior miners. He emphasized that the gold sector isn’t discovering enough new ounces and that seniors must “”lean in”” with…
The Cup, the Handle, and Gold’s ‘Final Third’ Phase
A fascinating chart overlay shows gold following the exact 1970s pattern. If history rhymes, we’re about to see something unprecedented.
Gold slips 0.5 % as Investors Await Fed Appointment
Gold prices slid about 0.5 % on Wednesday as yields on 10‑year U.S. Treasuries rebounded after four days of declines, making the non‑yielding metal less attractive. Spot gold dropped to about $3,362.54 per ounce while U.S. gold futures fell to $3,417.30. Investors are waiting to see who President Donald Trump will…
World Gold Council Highlights Complex Factors Influencing Gold’s Inflation Hedge Status
An analysis by the World Gold Council reveals that the relationship between gold prices and the U.S. Consumer Price Index (CPI) is surprisingly weak. Since 1971, only 16% of the variation in gold prices can be explained by changes in CPI inflation. The report suggests that gold’s appeal as an…
Sub-Saharan African Central Banks Face Risks in Expanding Gold Reserves
A report by BMI, a unit of Fitch Group, highlights potential risks for sub-Saharan African central banks that have recently increased their gold reserves. Countries like Ghana, Tanzania, and Nigeria have been buying gold domestically amid geopolitical tensions and market volatility. While gold is seen as a strategic store of…
Gold Prices Stabilize After Two-Day Rally Fueled by Weak U.S. Job Data
Gold prices remained steady after a two-day rally fueled by weak U.S. job data. Spot gold was priced near $3,353 per ounce, down 0.6%, while U.S. gold futures gained 0.2% to $3,407.10. The soft employment report has heightened expectations for a Federal Reserve rate cut in September, with traders assessing…
Gold Prices Ease After Rally, Still Supported by Fed Rate Cut Expectations
Gold prices eased from two-week highs as investors took profits following a recent rally. Spot gold fell 0.3% to $3,354.17 per ounce, while U.S. gold futures edged up 0.2% to $3,407.10. The previous session’s rally saw a 2% gain in gold, driven by weaker-than-expected U.S. jobs data, which heightened expectations…
Why Gold Could Reach $9000/oz During The Global Monetary Reset
Gold has always been a beacon during economic uncertainty, but what’s happening now is unprecedented. In his latest video with Alan Hibbard, Mike Maloney reveals a chart that suggests gold could reach $9,000 per ounce — and explains why this isn’t just another bull market. According to Mike, we’re witnessing…
Moody’s Economist: US Economy Teetering on Recession Edge After Jobs Collapse
Moody’s Analytics chief economist Mark Zandi warns the US economy is “on the precipice of recession” after last week’s alarming economic data. July payrolls grew by just 73,000, with massive downward revisions slashing May and June figures to 19,000 and 14,000 respectively. Consumer spending has stalled, construction and manufacturing are…