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 »
