Gold prices caught a new safe-haven bid in the final minutes of the trading week after rating agency Moody’s downgraded the U.S. credit rating by one notch. After the close on Friday, the agency lowered U.S. debt to Aa1 from Aaa, citing rising interest costs and unsustainable debt growth. At the same time, it revised […]
Gold Ends the Week at $3,200 as Moody’s Downgrades US Sovereign Debt Read More »
Several surveys from 2008 and 2020 estimate that only 10.8% to 12% of Americans own physical gold. The simple truth is this: Americans are just beginning to wake up. Physical gold has been the most sought-after form of wealth, diversification, and money throughout history—valued across every culture and era. It has served—and continues to serve—as
Physical Gold is The Ultimate Hedge & a Critical Diversifier Read More »
MSN (Kitco News) – A rare convergence of gold demand from both Eastern and Western economies is fueling a significant rally in the precious metal, and silver is on the cusp of a major move back to its all-time highs, according to Tavi Costa, Partner & Macro Strategist at Crescat Capital. Speaking at the PDAC
(Kitco News) – Gold’s historic run is gaining momentum, and investors are taking notice. Spot gold hit multiple new record highs and surged past $2,880 per ounce this week, inching closer to the critical $3,000 threshold. The rally has been driven by record central bank demand, geopolitical uncertainty, tariff fears, and a seismic shift in
Gold price’s breakout year: $4k coming in the next 12 months? Adrian Day Read More »
– Gold prices have continued to consolidate within a broad range as they struggle to break resistance above $2,700 an ounce. However, one bank remains optimistic about the precious metal, identifying four key factors expected to drive prices higher this year. Among commodities, gold is one of the few that analysts at BMO Capital Markets
On July 3rd, Citi analysts introduced a model for understanding and predicting gold prices, aiming to revitalize investment in this asset with a comprehensive, regime-independent approach. The model explains annual gold price movements over the past 55 years and quarterly changes over the past 25 years, identifying key price drivers. Citi’s model highlights that investment
$3K Gold? Banks’ 2024 Gold Price Forecasts Surge Read More »
Against the backdrop of escalating tensions in the Middle East, major financial institutions on Wall Street are revising their gold price forecasts upward. Goldman Sachs holds a bullish outlook, setting a target of $2,700, while Bank of America projects an even higher expectation at $3,000. UBS presents an even bolder forecast, envisioning an impressive $4,000
$4K Gold? Banks’ 2024 Gold Price Forecasts Surge Read More »
