Gold / US Dollar Spot
What a Fed rate cut could mean for the world
The U.S. Federal Reserve is on Wednesday heading for its first interest rate cut since the onset of the Covid-19 pandemic — and despite the move being widely forecast, global investors are braced for impact. The Fed is behind a swathe of its central bank peers, including those in the euro zone, the U.K., Canada, […]
Read More
Gold miners ‘ripe’ for a break out: Analysts name stocks to buy into the gold rush
Gold continues to be red hot, with prices repeatedly hitting record highs. Prices of the precious metal hit a new all-time high of $2,531.60 per ounce on Tuesday, after reaching a previous record last week. Spot gold prices were last around $2,490 on Friday. Gold mining stocks have, unsurprisingly, ridden the wave, with the VanEck […]
Read More
Gold set for fresh highs ahead of Fed rate decision — analysts see prices at $3,000 by next year
An employee handles one kilogram of gold bullion at the YLG Bullion International Co. headquarters in Bangkok, Thailand, on Friday, Dec. 22, 2023. Chalinee Thirasupa | Bloomberg | Getty Images Gold prices have been hitting new highs and analysts expect more records, with some forecasting the metal to hit $3,000 per ounce next year, as […]
Read More
How to invest in gold — and is it worth it?
Gold has been coveted for thousands of years, with its beauty, versatility and reputation as a safe haven making it hard to resist. From bars of bullion to mining stocks and ETFs, there’s myriad ways to get involved. But has gold historically been a good investment? CNBC Pro takes a look at the pros and cons […]
Read More
Gold is having more challenging to come across as miners wrestle to excavate much more, Entire world Gold Council states
An worker arranges gold bars for a photograph at the YLG Bullion Intercontinental headquarters in Bangkok, Thailand. Dario Pignatelli | Bloomberg | Getty Illustrations or photos The gold mining market is battling to sustain generation growth as deposits of the yellow metal come to be tougher to locate, in accordance to the Entire world Gold […]
Read More
Gold, silver and copper rally has just taken a breather — new highs are not that significantly off, authorities say
Gold and silver bars of numerous dimensions lie in a harmless on a desk at the valuable metals vendor Pro Aurum. Sven Hoppe | Picture Alliance | Getty Photos Gold price ranges have been rallying to history highs, with spot gold notching a new major of $2,449.89 for each ounce on Monday. Silver far too […]
Read More
Silver vs. gold: Bank of America names 4 ‘attractive’ ETFs to gain exposure to precious metals
As the price of gold hits new all-time highs and silver rallies to a multi-year high, Bank of America has identified four exchange-traded funds (ETFs) that offer attractive exposure to precious metals. The top-rated ETFs include abrdn Physical Silver Shares ETF (ticker SIVR), iShares Silver Trust (SLV), Invesco DB Precious Metals Fund (DBP) and abrdn […]
Read More
Gold eases as dollar gains, Fed rate cut bets lend support
Gold prices inched up on Thursday following a sharp rise in the last session as the dollar and bond yields weakened on the increasing likelihood of rate cuts by the U.S. Federal Reserve as early as September. Picture Alliance | Picture Alliance | Getty Images Gold prices edged lower on Thursday as the dollar rebounded, […]
Read More
Gold, silver and platinum’s red-hot rally still has further to go, strategists say
Gold and silver bars of various sizes lie in a safe on a table at the precious metals dealer Pro Aurum in Munich. Sven Hoppe | Picture Alliance | Getty Images Gold, silver and platinum prices have been on a tear so far this year, and strategists say the precious metals could continue to hit […]
Read More
China has a ‘fake gold’ issue — locals are finding ripped off into acquiring synthetic jewelry
Gold bracelets at a gold jewelry retailer in the Zhejiang Province of China. Vcg | Visual China Team | Getty Visuals Gold’s current rally has sparked a bullion rush, but together with it came a surge in gold frauds in China. Hundreds of folks in China have been duped into forking out dollars on “fake gold” […]
Read More