1 / 1 Relevant items tagged with #GoldPrices
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Peter Schiff: Gold Set for Best Year Since 1979 — ‘Investors Haven’t Noticed Bull Market’
Peter Schiff Warns Fed’s Rate Cut Spells Economic Disaster — ‘It’s Game Over for the Fed’
[Sep 18 11:30 PM] Economist and gold advocate Peter Schiff has sounded the alarm on the Federal Reserve’s latest actions, linking a significant rate cut to rising gold prices and a weakening U.S. dollar. His warning about a deepening recession and rising…
Markets Await Fed Decision: Bitcoin Spikes, Gold Drops, Stocks Wobble
[Sep 17 8:15 PM] Bitcoin saw its value leap to $61,331 on Tuesday, just a day before members of the U.S. Federal Reserve convene to discuss a potential rate cut for federal funds. While BTC posted a 5% gain, stock markets exhibited mixed signals, hovering near…
UBS Expects Higher Gold Prices as US Dollar Weakens — ‘Gold’s Rally Has Further to Run’
Calm Markets: Stocks, Crypto, and Gold Show Little Movement Post CPI
[Sep 11 2:10 PM] The latest consumer price index (CPI) from the U.S. Bureau of Labor Statistics shows that inflation cooled to 2.5% in August, marking the slowest rate since 2021. Meanwhile, core CPI, which strips out the fluctuating food and energy sectors, posted…
$2,700 in 2025: Goldman Sachs Has ‘Highest Confidence’ in Gold Amid Market Challenges
[Sep 4 2:30 PM] While gold dipped below $2,500 per ounce, Goldman Sachs commodity analysts remain optimistic, suggesting gold could experience a “potential gain of 8%” amid the “current softening cyclical environment.” Goldman market strategists are particularly
PCE Report Triggers Gold Slide, Analyst Warns Fed Rate Cut Could Deepen Losses
[Aug 30 9:10 PM] On Friday, Aug. 30, 2024, gold experienced a decline in value, coinciding with the U.S. Commerce Department’s release of the personal consumption expenditures (PCE) price index data. The PCE climbed by 2% in July, aligning perfectly with…
Peter Schiff Warns of Looming US Dollar Crisis and Economic Collapse
Gold Shatters Records as Investors Brace for Economic Turbulence
[Aug 20 3:30 PM] Precious metals prices are on the move again, with gold hitting a new peak of $2,564 during Tuesday’s trading sessions. As of now, gold is being traded at $2,527 per ounce, while silver has climbed more than 6% this week, currently standing at…
Gold Demand Hits Q2 Record High, Driven by Central Bank Purchases, World Gold Council Reports
[Jul 31 3:30 AM] The World Gold Council’s Q2 2024 report highlights a year-on-year increase in gold demand, marking the highest second-quarter demand since 2000. This surge is fueled by central bank purchases and OTC investments, with central bank gold buying…
Stonex Bullion’s Analyst Predicts Gold Increase Due to Heightened Political Confusion
[Jul 23 2:30 PM] Gold prices are poised to rise due to the current political uncertainty in the United States, according to Rhona O’Connell, head of market analysis at Stonex Bullion. This comes as economic indicators suggest potential changes in monetary…
JPMorgan Bullish on Gold Prices Into Year-End
[Jul 16 6:30 PM] Global investment bank JPMorgan remains optimistic about gold prices, projecting a significant rise in the fourth quarter of 2024 due to anticipated Federal Reserve rate cuts beginning in September. On Tuesday, the price of gold surged past its…
Gold Could Surge to $40,000 per Ounce, Strategist Says
[Jul 8 5:16 PM] Egon von Greyerz, founder of Matterhorn Asset Management and Gold Switzerland, has shared his insights, indicating potential for substantial increases in gold prices based on historical trends and current economic conditions. He explained that gold…
China’s Reduced Physical Gold Demand Cools Prices After May Peak
[Jun 14 10:30 AM] While gold reached a record high in May at $2,450 per ounce, it has since settled at $2,329 per ounce. According to the World Gold Council, China’s demand for gold fell in May to its lowest level in four years. Gold Prices Down from Record…
Gold Production Struggles Despite 2024 Q1 Surge
[Jun 10 9:31 PM] The gold mining industry struggles to sustain production growth due to declining new deposits, reports the World Gold Council (WGC). Despite a 4% increase in first-quarter production in 2024, overall growth has plateaued since 2016. In 2023, mine…
UBS Raises Gold Price Forecast Amid Rising Central Bank Demand and Geopolitical Tensions
[May 25 3:15 PM] UBS has raised its gold price forecast following a record surge in gold prices, driven by anticipated Federal Reserve rate cuts and a weakening U.S. dollar. The main factors behind the investment bank’s upgraded gold price prediction include…
Analysts See Gold Reaching $2,600 per Ounce Amid Strong Market Demand
[Mar 19 8:30 AM] While bitcoin experienced a 12% decrease following its all-time high last week, gold has shown relative stability over the past five days, with only a slight 1% decline in the same period. In a similar vein to crypto enthusiasts, advocates for gold…
Gold’s Price Surge to Nearly $2,200 Overshadowed by Bitcoin’s ‘Speculative Mania,’ Peter Schiff Claims
[Mar 9 5:00 PM] In a manner similar to bitcoin and the overall crypto market, gold’s value has climbed, nearly touching $2,200 per ounce this week. This uptick is widely attributed to demand from central banks, with surveys indicating both Wall Street and…
Precious Metal Peaks — Gold Surpasses $2,140, Marking Historic Price High
[Mar 5 4:30 PM] As bitcoin climbed beyond its previous 2021 peak, the value of an ounce of pure gold similarly hit a lifetime high on March 5. The globally acknowledged safe haven asset soared to $2,140 per ounce on Tuesday, marking a 4.97% increase against the…
UBS Predicts Gold Prices Will Rise 10% in 2024 Amidst Fed Policy Pivot
[Jan 24 12:30 AM] UBS, a financial services company, predicts that 2024 will be fruitful for gold, forecasting a price increase of 10% over current market prices. According to UBS analysts, this price increase will be powered by a pivot in the current policy of the…
US Inflation Climbs to 3.2% in July, Stoking Concerns and Dividing Market Opinions
[Aug 10, 2023 11:30 AM] The most recent data from the Bureau of Labor Statistics reveals a growingly intricate inflationary scenario for the U.S. economy. Disclosed on Thursday, the Consumer Price Index for All Urban Consumers (CPI-U) exhibited a 3.2% annual increase in…
Fed Pauses Interest Rates After 10 Consecutive Hikes; Committee Likely to Raise Rates ‘Somewhat Further’ This Year
[Jun 14, 2023 1:20 PM] In accordance with market predictions, the U.S. Federal Reserve decided to halt its rate hike this month after ten consecutive hikes since last year. The members of the Federal Open Market Committee (FOMC) asserted that the U.S. banking system is…
Commodity Strategist Mike McGlone Predicts a Recession as Top Catalyst for Gold’s Rise Above $2,000
Market Strategist Predicts Gold Will Be the Top Performer in 2023 Over Cryptocurrencies and Equities
[Feb 5, 2023 1:00 PM] Gareth Soloway, president and chief market strategist at inthemoneystocks.com, predicts that gold will outperform cryptocurrencies and equity performances in 2023. In an interview published Thursday, Soloway emphasized his belief that “gold…
Silver and Gold — Precious Metals Stored Value This Year Outperforming Crypto Assets in 2022
[Dec 26, 2022 1:30 PM] Gold prices are ending the year a hair below the values recorded 12 months ago. Statistics on Dec. 26, 2021, show the U.S. dollar value per ounce of gold was $1,810 per unit, and today gold is $1,797 per ounce. Silver, on the other hand, managed to…
Data From October Shows Gold Reserves Held by Central Banks Tapped the Highest Level in 47 Years
[Dec 7, 2022 11:00 AM] Following the World Gold Council’s (WGC) third-quarter report that shows central banks purchased a record amount of gold, data released by the WGC shows that central banks are buying more gold during 2022’s fourth quarter. Statistics show that the…
Gold Outshined Bitcoin This Month Climbing 6% Higher Amid US Real Estate Slump, Lower CPI Data
[Nov 19, 2022 12:30 PM] This month, gold has outperformed bitcoin after crypto markets shuddered from the recent FTX collapse, and the precious yellow metal climbed 6.12% since the first of November. The U.S. housing market has shown weaknesses and October’s U.S…