Germany Passes Biggest Debt-Funded Spending Splurge In Its History
Germany Passes Biggest Debt-Funded Spending Splurge In Its History After making a mockery of the German democratic process, as Bloomberg explained not once… “Germany’s “whatever it takes” spending spree is being orchestrated by Friedrich Merz, who spent the recent campaign arguing against doing any such thing. This isn’t a great advertisement for democracy, and there […]
South African Rand Strengthens as Gold Hits New Record High
The South African rand gained 0.4% against the dollar on Tuesday, boosted by gold prices reaching a new all-time high of $3,018.66. As a major precious metals producer, South Africa could benefit from miners increasing output to capitalize on record gold prices. This positive momentum comes despite significant challenges, including…
ANZ Bank: Gold to Reach $3,200 Within Six Months as Safe Haven Demand Surge
ANZ Bank has increased its gold price forecasts to $3,100 per ounce for the next three months and $3,200 per ounce for the six-month outlook, according to a Tuesday research note. The bank maintains a bullish view on gold, citing escalating geopolitical and trade tensions, easing monetary policy, and strong…
Gold Breaks $3,000 Barrier as Geopolitical Tensions and Economic Worries Grow
Gold prices surged to an unprecedented $3,028 per ounce, driven by a combination of intensifying Middle East conflict and growing worries about US economic health. Israel’s military strikes on Hamas targets in Gaza, which reportedly resulted in at least 322 casualties, underscored gold’s traditional role as a safe-haven asset during…
Gold Sector Momentum: 7 NYSE Miners Breaking Through to New Highs
Seven NYSE-listed gold stocks have reached new 52-week highs as the sector’s bullish trend continues. The companies—Alamos Gold, ASA Gold and Precious Metals, DRDGold, Franco Nevada, Gold Fields, Triple Flag Precious Metals, and Wheaton Precious Metals—all show strong technical indicators with 50-day moving averages trending above their 200-day moving averages,…
Africa’s $5 Billion Annual Loss: The Hidden Cost of Foreign Currency Trade
Africa loses approximately $5 billion annually by conducting trade in foreign currencies, particularly the US dollar, according to Dr. Melaku Geboye Desta of the African Trade Policy Centre. This reliance on non-African currencies increases transaction costs, delays trade settlements, and exposes African economies to currency rate instability. To address this…
Will Wednesday’s Fed Decision Propel Gold Beyond $3,000?
Gold remains near its all-time high around $2,989 after briefly crossing $3,000 last week, supported by geopolitical risks and Federal Reserve rate cut expectations despite China’s new economic stimulus measures shifting some investor sentiment toward riskier assets. Silver is trading at $33.69, slightly down as profit-taking caps further gains despite…
Beyond $3,000: Can Gold’s Momentum Carry Prices to $3,500 in 2025?
Gold has surpassed $3,000 per ounce for the first time, peaking at $3,004 before settling slightly lower at $2,997. The precious metal is up 14.8% since the beginning of 2025, following a 26.6% surge in 2024, despite traditional headwinds like rising US bond yields and a strengthening dollar. Experts see…
Bund Yields Slide As AfD Attempts Last-Ditch Effort To Block Germany’s Massive War-Spending Debt Package
Bund Yields Slide As AfD Attempts Last-Ditch Effort To Block Germany’s Massive War-Spending Debt Package None other than the far-right, nazi-saluting, goose-stepping advocates for freedom and secure borders – the AfD party – are the last thing standing between Germany’s so-called’ coalition of the status quo voting tomorrow for a massive debt package to fund […]
Gold vs Silver: Understanding Their Investment Profiles for Your Portfolio
Morgan Stanley highlights four critical differences between gold and silver as investment assets. Economic Sensitivity: Silver has stronger ties to the global economy. Half of all silver is used in heavy industry and technology – including smartphones, automobiles, and solar panels. This makes silver more economically sensitive than gold, which…