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 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 →
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 →
Big news for the crypto industry Singapore’s financial regulator has reportedly said it had finalised rules for a type of digital currency called ‘stablecoin’, placing it among some of first the regulators worldwide to do so. Stablecoins are a type of digital currency designed to hold a constant value againstRead More →