Today’s top gold news and opinion
USAGOLD
by Jake Farlow
23h ago
3/27/2024 Rate cuts are a good environment for gold investment, says World Gold Council’s Joe Cavatoni (CNBC) World Gold Council Market Strategist, joins ‘Closing Bell: Overtime’ to discuss gold as the commodity nears all time highs. GOLD INVESTING HANDBOOK FOR ASSET MANAGERS (World Bank) The available empirical evidence suggests that some reserve managers respond to relative costs and returns by increasing the share of gold in their reserves when the expected return on financial assets such as US Treasury securities is low, while viewing gold as a hedge against economic and geopolitical risks ..read more
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Today’s top gold news and opinion
USAGOLD
by Jake Farlow
1d ago
3/26/2024 Is it a golden era for gold? (JP Morgan) The metal has historically delivered attractive long-term returns, appreciating ~8% on an annual basis over the past 20 years. Palladium demand supported for longer after new US emissions law changes (Heraeus) The US has announced less severe emissions targets that will effectively allow for more catalysed car sales. Citadel CEO Ken Griffin shares his views on the markets and the industry in 2024 (CNBC) “There’s no country that’s going to bail America out. We’re going to right our own ship. There’s no IMF for the United States of America.” Th ..read more
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Today’s top gold news and opinion
USAGOLD
by Jake Farlow
1d ago
3/25/2024 Gold prices to hit $2,200 and a ‘dramatic’ outperformance awaits silver in 2024, says UBS (CNBC) As interest rates dip, gold becomes more appealing compared to alternative investments like bonds. Exploring the catalysts for a PGM resurgence, with World Platinum Investment Council’s Edward Sterck (Investor Steam) With the global pivot towards green technology, Platinum Group Metals such as platinum, palladium and rhodium will continue to play a central role in that transition. Nicholas Frappell: Gold Price Targets for 2024 and Key Drivers to Watch (NASDAQ) He described US$2,580 as a ..read more
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Today’s top gold news and opinion
USAGOLD
by Jake Farlow
6d ago
3/21/2024 Gold Jumps Above $2,200 an Ounce for First Time on Dovish Powell (Bloomberg) Bullion has rallied around 11% since the middle of February. Turks pile into the dollar, gold and stocks as 67% inflation savages ‘worthless lira’ (CNN) “Since people haven’t seen inflation fall, they don’t trust the Turkish lira anymore” Peter Krauth: Silver’s Time Will Come, Why Price Hasn’t Moved (Yet) (NASDAQ) “I believe that you have numerous industrial consumers buying long futures contracts and/or buying silver ETFs, and then asking for delivery. When the futures contracts mature, they can stand for d ..read more
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Today’s top gold news and opinion
USAGOLD
by Jake Farlow
1w ago
3/19/2024 Does the gold:silver ratio point silver higher? (Heraeus) Since 2006, the gold:silver ratio has averaged 60.09 during previous gold all-time-high peaks To the Governor: Wisconsin Passes Bill to Repeal Sales Tax on Gold and Silver (Tenth Admendment Center) Repealing sales taxes on precious metal bullion takes a step toward treating gold and silver as money instead of commodities. Gold Shines As Homebuying Affordability Hits A Record Low (Forbes) Historically, wars have been catalysts for gold price appreciation, and the current geopolitical landscape appears to be no exception. The p ..read more
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Today’s top gold news and opinion
USAGOLD
by Jake Farlow
1w ago
3/18/2024 “Silver the New Oil the Next Uranium” (Metal Investment Fourm) Peter Krauth presents at Metals Investor Forum MYTH OF GOLD: The Magic Metal Born from Stardust (WELT) Gold is a metal like no other. Gold Beans All the Rage With China’s Gen Z as Deflation Bites (Yahoo) Weighing as little as one gram, the beans — and other forms of gold jewelry — are increasingly viewed as the safest investment bet for young Chinese in an era of economic uncertainty. The post Links to today’s top gold news and opinion first appeared on Today's top gold news and opinion ..read more
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Today’s top gold news and opinion
USAGOLD
by Jake Farlow
2w ago
3/14/2024 Gold Expected to Shine Amid Uncertainty (BMO) Market participants typically dislike uncertainty… Gold: Unique in every way (Wisdomtree) Gold has exhibited equity-like returns of +8.5% per annum over the last 20 years with very minimal downside capture. Bitcoin ETF Volumes Overtake Gold (Bytetree) Bitcoin and gold assets combined amount to $237bn, and Bitcoin has a 31% growing share… The post Links to today’s top gold news and opinion first appeared on Today's top gold news and opinion ..read more
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Today’s top gold news and opinion
USAGOLD
by Jake Farlow
2w ago
3/13/2024 Gold’s mystery rally baffles analysts (FT) Hopes of US rate cuts alone are unlikely to have driven latest leg higher, say strategists. 2024 is the year of the rate cut pivot — here’s when the world’s central banks will budge (CNBC) As inflation loosens its grip in most economies, investors are closely monitoring interest rate decisions, with markets expecting a slew of rate cuts this year. A guide to PGMs (Johnson Matthey) Because the PGMs are highly recyclable and retain the same properties once recycled, the ‘urban mine’ of metal currently in use will continue to be a valuable sour ..read more
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Today’s top gold news and opinion
USAGOLD
by Jake Farlow
2w ago
3/12/2024 Gold’s rally could extend beyond the recent record highs (UBS) Powell’s remarks supported our base case that the Fed will ease by 75 basis points over the course of 2024, most likely starting in June.. The Commodities Feed: Gold nears $2,200/oz (ING) We expect gold prices to trade higher this year as safe-haven demand continues to be supportive amid geopolitical uncertainty with ongoing wars and the upcoming US election. PRECIOUS APPRAISAL (Heraeus) It’s safe-haven vs. speculation as gold hits new highs… The post Links to today’s top gold news and opinion first appeared on Today's t ..read more
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Today’s top gold news and opinion
USAGOLD
by Jake Farlow
2w ago
3/11/2024 Gold price: the latest predictions and our fund picks (Fidelity UK) Markets currently attach a 56% probability to a cut in US rates after the US Federal Reserve’s policy setting meeting in June. Bitcoin Is Unlikely to Match Gold’s Allocation in Investors’ Portfolios in Nominal Terms: JPMorgan (Coindesk) Bitcoin is 3.7 times more volatile than gold. Short-Term Options Have Become Popular in Commodities (CME Group) Shorter-dated options in oil, soybeans and gold have all experienced record trading volume in the past year The post Links to today’s top gold news and opinion first appear ..read more
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