The shimmering appeal of gold has enchanted humans for ages, yet beneath its radiant exterior, miners face escalating challenges. According to the World Gold Council, the gold mining sector is finding it increasingly difficult to maintain production growth as the reserves of this precious metal become scarcer. Depletion Discovering newRead More →
Precious metal prices received a significant uplift on Thursday 16th May 2024 following the release of better-than-expected U.S. inflation data, which increased the likelihood of rate cuts by the Federal Reserve, again. Gold prices reached their highest point in over three weeks on Thursday too, while silver achieved its highestRead More →
Buy gold bars from South Korea’s convenience stores and vending machines South Korean convenience stores are now the latest attraction for gold enthusiasts. Instead of the typical snacks and beverages, customers can now buy gold bars. Convenience store gold bars GS Retail, one of South Korea’s largest convenience store chains,Read More →
Gold at all-time high above $2,400 Technical analysis indicates that the risk trends towards the upside, with indicators showing overbought conditions and prices rising above moving averages. However, it’s crucial to remember that markets are subject to change and can be affected by various factors, including geopolitical risks and economicRead More →
The precious metal has reached consecutive record highs this year, including a peak on Thursday 4th April 2024. The gold price surpassed $2,300 before slightly retracting. By early Friday, it was trading at approximately $2,278 per ounce. According to some analysts, geopolitical and structural factors are setting gold on aRead More →
U.S. gold futures rose more than 2% to trade at around $2,285 Gold prices continued their ascent, reaching a new record high on Monday 1st April 2024, driven by expectations of U.S. interest rate cuts and the metal’s status as a safe-haven asset. Gold typically has an inverse relationship with interestRead More →
The natural hydrogen gold rush is captivating attention worldwide as a potential game-changer in the quest for cost-effective, low-carbon energy sources. Countries such as the U.S., Canada, Australia, France, Spain, Colombia, and South Korea are actively engaged in exploratory efforts for geological hydrogen. What Is Natural Hydrogen? Natural hydrogen, also referred toRead More →
The surge in gold prices continues, reaching a new peak on Thursday 21st March 2024, with predictions of further increases as central banks around the world persist in acquiring significant amounts of bullion. Some analysts believe the gold price could climb as high as $2300 per ounce in the latterRead More →
Gold futures for April settled at $2126 per ounce, the highest-level going back to the *contract’s creation in 1974. Analysts suggest that, adjusting for inflation, gold set an all-time high of approximately $3200 in 1980 and bodes well for big gold increases to come in the future. Why is goldRead More →
Gold demand hit record highs in 2023 on the back of persistent geopolitical tensions and continued weakness in some world economies, particularly China according to the World Gold Council. Total gold demand stood at 4,899 tons in 2023 compared to 4,741 tons in 2022. Gold purchases from central banks ledRead More →
World Gold Council The two most significant events for gold demand in 2023 were the collapse of Silicon Valley Bank and the Hamas attack on Israel, the World Gold Council (WGC) said, estimating that geopolitics added between 3% and 6% to gold’s performance over the year. The WGC estimated thatRead More →
Gold was on a tear overnight 3rd December 2023 ripping to a new all-time intra-day high of 2135. Gold prices are on course to hit fresh highs in 2024 and could remain above $2,000 levels, analysts predict. Geopolitical uncertainty, a likely weaker U.S. dollar and possible interest rate cuts areRead More →
Bob Marley 1945 – 1981 ‘Don’t gain the world and lose your soul; wisdom is better than silver and gold’ – Bob Marley, a reggae singer-songwriter who reminds us of the futility of chasing material things.Read More →
Some expect gold to above climb $2,500 Gold prices are on track to rally to all-time highs in 2024 on the back of interest rates increases, inflation fear, looming recessionary concerns and geo-political unrest. The precious metal is always sought after as a safe haven asset. The gold price hit aRead More →
Gold prices on Monday 27th November 2023 climbed to a more than six-month high as the U.S. dollar weakened. Investors, it is reported, have placed their bets, suggesting the Federal Reserve is finished with interest rate hikes. Gold was up around 0.52% at $2,012 per ounce in early afternoon trading (LondonRead More →
Roman Payne Roman Payne – born 1977 is a novelist and poet currently living in political exile in Morocco. ‘The book, Wanderess’ – since its publication in 2013, has influenced art and cultures the world over according to a Goodreads review. See other quotesRead More →
Gold value has been slipping in recent months of 2023 – here are some of the reasons gold prices fluctuate. Dynamic market Gold is a precious metal that is often seen as a safe haven investment and a store of value, but it is also subject to the forces ofRead More →
From the ashes a fire shall be woken,A light from the shadows shall spring;Renewed shall be blade that was broken,The crownless again shall be king’. J.R.R. Tolkien 1892 – 1973 John Ronald Reuel Tolkien CBE FRSL was an English writer and philologist. He was the author of the high fantasy works The Hobbit and TheRead More →
The demand for diamonds has declined as its allure fades in a key consumer market, China. “Diamonds don’t really fit in anymore despite the strong legacy of De Beers under Anglo,” independent diamond industry analyst Paul Zimnisky reportedly said. According to Zimnisky’s rough diamond index, diamond prices have decreased byRead More →
Bad economic news appears to have had an interesting impact on the stock market recently. Traditionally, negative economic data might be anticipated to result in falling stock prices; however, recent trends have diverged from this norm. News trend In the past two months, negative economic news has had a paradoxically positiveRead More →
Warren Buffett, renowned as one of history’s most successful investors, has imparted invaluable insights that can help steer you on your investment path. Rule No. 1 is never lose money. Rule No. 2 is never forget Rule No. 1 This straightforward statement has significant connotations. Although the aim of investingRead More →
As artificial intelligence (AI) continues its rapid advancement, we must confront its environmental footprint. Beyond energy consumption, AI’s demand for water is a critical concern that demands attention. AI data centres require cooling, and substantial amounts of fresh water are utilized for this purpose. Additionally, water is consumed in theRead More →
Investing in individual stocks can be both thrilling and profitable, yet it carries inherent risks. To make informed decisions, it’s important to adhere to some fundamental steps. Define Your Goals Before diving into stock picking, consider your investment goals Invest for the longer-term, it works! KIS – Keep It Simple!Read More →
After years of regulatory rejection, the U.S. Securities and Exchange Commission on Wednesday 10th January 2024 finally approved the Bitcoin EFT. It has approved what are known as ‘spot’ Bitcoin Exchange-Traded Funds (ETFs), which can be purchased by anyone from pension funds to retail investors. This now means that some of theRead More →
The U.S. labour market accumulated strong gains as the pace of hiring was greater than expected, dampening the chance of an early rate cut. December’s jobs report showed that 216,000 jobs were added for the month while the unemployment rate remained steady at 3.7%. Estimates were in the region ofRead More →
Credit card losses in the U.S. are rising at the fastest pace since the Great Financial Crisis of 2008. Goldman Sachs reportedly predicts that credit card losses will continue to climb through the end of 2024 or early 2025 for most issuers. This is unusual because the losses are accelerating outsideRead More →