Latest News and Articles
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Gold Market Report – May 15, 2024
Overnight: Gold was a little choppy last night, awaiting today’s key US CPI and Retail Sales readings. It traded in a range of $2355 – $2374, largely fading movement in the US Dollar. The yellow metal advanced to its $2374 high during Asian and early European time, where it was capped by resistance there ($2373-79,…
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How Long Will The Gold Boom Last?
A Global Competition Happening in Secret Every major continent on the planet is in search of gold. In the chart from the World Gold Council below, you can see how geographically diverse gold mining has become. According to estimates from the WGC, approximately 209,000 tons of gold have been mined throughout human history. Of that…
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Major Bank Recommends Buying Gold
What the Debt Ceiling Means for Gold It’s time to face the inconvenient truth… the politicians playing with chicken with the debt ceiling, they may not reach an agreement in time to stave off a disaster. If the United States were to default on its debt, it would trigger a massive economic catastrophe, potentially leading…
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Debt Ceiling Crisis Driving Demand for Gold?
If politicians in Washington can’t reach an agreement, the U.S. government could start to run out of money within weeks. The debt ceiling, a law that sets a limit on the total amount the government can borrow to pay its bills, currently stands at around $31.4tn. This limit was exceeded in January, with the Treasury…
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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…