Latest News and Articles
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Gold Market Report – May 08, 2024
Overnight: Gold was a bit choppy last night and either side of unch ($2314), trading between $2304 – $2321. It was pressured on the downside by an improving US dollar, as the DX advanced from 105.41 – 105.64. The greenback was helped by: However, gold was supported by a rate cut by the Sweeden’s Riksbank…
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Why Do So Many Experts Now Recommend This Asset? | Joe Cavatoni
Without prompting, the majority of experts recently appearing on this channel have agreed that gold is looking well-positioned to move higher in price, potentially substantially higher, this year. And that’s on top of gold’s strong start to the year. It’s up nearly 11% since early January and is currently not far from its all-time high.…
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Interest in gold up 50% among Americans
Bloomberg Calls Gold the “Obvious” Investment for Protecting Your Wealth According to Bloomberg’s latest Markets Live Pulse survey, more than half of finance professionals said they would buy gold if the US government fails to honor its debt obligations. If you’re unfamiliar, the debt ceiling is a limit set by the U.S. Congress on the…
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What’s Next as Gold Reaches New Heights
It’s an exciting time to be a gold investor. Gold briefly reached a record all-time high last week. Meanwhile, the Dow is struggling to deliver meaningful gains year-to-date: And there might be more good news for gold, as you’ll see ahead, there’s a lot of potential macroeconomic tailwinds that could increase gold demand even further…
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BANK FAILURE! Here’s What’s Happening & What Shockwaves May Result
What a difference a week makes… Last week the market technicals were starting to look like the bulls had won out. But this week, trouble in the banking system, most notably the failure of Silicon Valley Bank (the 2nd largest bank failure in US history), has created a bearish marker reversal. So how meaningful is…
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BANK FAILURE! Here’s What’s Happening & What Shockwaves May Result
What a difference a week makes… Last week the market technicals were starting to look like the bulls had won out. But this week, trouble in the banking system, most notably the failure of Silicon Valley Bank (the 2nd largest bank failure in US history), has created a bearish marker reversal. So how meaningful is…
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Gold in 2022: Amidst the Tumult, Gold Remains Buoyant
War! Inflation! Rate hikes! Crashing cryptos! Sinking stock markets! A soaring U.S. dollar and hints of recession all highlighted a tumultuous 2022. Despite several headwinds and confusion over gold’s weakness in the face of high inflation, the price ended the year basically flat. Our quarterly report examines the performance of precious metals and other major…