Gold's November Pullback: Opportunity Knocks
Gold retreats from record highs but fundamentals remain strong. Expert analysis of market dynamics and institutional forecasts…
Powell Emphasizes Patience in Rate-Cutting Strategy as Economy Thrives
In recent remarks, Fed Chair Jerome Powell stressed that the robust U.S. economy provides flexibility in the timing of future rate cuts. He noted that the current economic conditions don’t necessitate hasty rate reductions. Powell reaffirmed the Fed’s commitment to bringing inflation down to 2%, acknowledging that the path may not always be smooth.
"Expect the Unexpected" Post-Election Market Moves: What It Means for Gold, Silver & Bitcoin
Dive into this insightful conversation with Mike Maloney and Alan Hibbard as they explore how the latest U.S. election might impact gold, silver
Study: Tiny Fraction of IMF Gold Could Wipe Out Debt for Dozens of Countries
A new study suggests the IMF should sell 4% of its gold reserves to provide $9.52 billion in debt relief for 86 low-income countries affected by climate disasters. This would expand the IMF’s Catastrophe Containment Relief Trust, which currently has limited funding and eligibility. The proposal aims to address the growing burden of IMF loan […]
UBS Sets $2,900/oz Gold Target, Advises Buying on Dips
UBS remains bullish on gold, advising investors to buy on dips around $2,600/oz with a $2,900/oz target over the next 12 months. The bank emphasizes gold’s enduring value as a hedge against economic uncertainties and recommends a 5% allocation in balanced portfolios, citing factors such as central bank demand, potential US fiscal deficits, and ongoing […]
WGC: Unearthed: Gold responds to the Fed's rate cut, US election and China stimulus
Gold prices are responding to a perfect storm of economic and political factors. The Fed’s recent rate cut to 4.5%-4.75%, Trump’s election victory, and China’s economic stimulus measures are all influencing the precious metal’s value. In this episode of Unearthed, hosts John Reade and Joe Cavatoni discuss the latest news and events and how they […]
Gold Steadies at $2,600 Level as Markets Digest US Inflation Figures
Gold prices have stabilized around $2,600 after finding support at a major trendline, halting a short-term downtrend. The recent US CPI data, which aligned with expectations, had minimal impact on gold prices. The precious metal’s November sell-off was influenced by expectations of elevated US interest rates and significant outflows from Gold ETFs.
Russia's Golden Milestone: Reserves Surpass $200 Billion Mark
Russia’s gold reserves have hit a historic milestone, surpassing $200 billion for the first time. In October, the country’s gold holdings reached $207.7 billion, representing 32.9% of its total international reserves. This marks the highest proportion of gold in Russia’s reserves since November 1999.
Trump Victory Sparks Dollar Rally, Pushing Gold to 7-Week Low
Gold prices have fallen to a seven-week low as the US dollar strengthens following Donald Trump’s election victory. The precious metal has declined about 5.5% since the election, driven by a combination of factors including hedge fund position adjustments, shifting ETF flows, and technical selling. Despite this recent drop, gold remains up over 25% for […]
Record-Breaking Outflows Hit Gold ETFs After Trump's Election
The world’s largest gold-backed ETF, SPDR Gold Shares (GLD), experienced its biggest weekly outflow in over two years following Donald Trump’s election victory. Investors, who had previously sought safety in gold due to election uncertainty, sold their positions to book profits after the definitive outcome. The outflow exceeded $1 billion, while spot gold prices fell […]