The gold market now finds itself in a longer-lasting gold run than any since the U.S. fully abandoned the gold standard in August 1971. “Over the past five years, the weekly spot price of gold has increased by more than 70%, from around $1,400/oz. in June 2019 to over $2,400/oz in July 2024.” “Prices resumed […]
Gold’s Safe-Haven Appeal at Its Highest Since 1971 as Economic Storm Brews Read More »
Citi analysts have introduced a framework for understanding and forecasting gold prices. Central to Citi’s framework is the idea that investment demand, from both private and public sectors, as a share of gold mine supply, is the primary driver of gold pricing. Citi forecasts that gold investment demand will continue to rise, potentially absorbing almost
Citi: $2,700 – $3,000 by 2025 – Gold Investment Demand to Rise Read More »
“There’s a clear path for gold to outperform from here, likely fueled by Western flows.” Year-to-date gold prices are up roughly 12%; the yellow metal is one of the best-performing assets in global financial markets, Artigas said. Artigas noted that gold has been able to withstand these traditional headwinds due to robust retail demand in
The Gold Market is Well-Positioned for the Second Half of 2024 – World Gold Council Read More »
Excessive government spending in the US and geopolitical uncertainty are underpinning calls from some investor heavyweights to buy gold as a hedge against sovereign debt risks. Gold offers better optionality than Treasuries: Schroders CIO Gold could rally to $2,700 per ounce next year: UBS GWM CIO (Bloomberg) — Excessive government spending in the US and
Schroders, UBS Global Wealth Push Gold as Key Haven This Year Read More »
As central banks look to diversify away from the U.S. dollar, the participants said that “interest rate levels,” “inflation concerns,” and “geopolitical instability” continue to be the leading factors in central bankers’ reserve management decisions, relatively in line with the responses last year. According to the survey, central banks are motivated to hold gold because
Gold has been a store of value for thousands of years. As of today, gold is up 800% over the past 25 years. Gold is also a safe-haven for investors as gold acts as a hedge against inflation during economic turmoil, delivering profits. This puts the commodity on a pedestal and is among the most
Gold Delivered 25% Profits Year-On-Year For 25 Years Read More »
The historical gold price chart reminds us of the importance of gold as a long-term investment, for individuals as well as central banks. There are plenty of reasons to own physical gold, is what the 100-year gold price suggests. In this article, we look at the gold price chart over +100 years and derive relevant
100-Year Gold Price Chart – Historical Chart Read More »
Key Points: U.S.-led West will soon witness the end of the dollar’s preeminent position in international trade and all of fiat will follow, writes Patrick Barron on behalf of The Mises Institute. Barron says the recent BRICS summit in Johannesburg, South Africa, included “an agreement on a first step toward establishing an alternative international trade
BRICS Will Break the Dollar and Usher a Return To Gold – Mises Institute Read More »
The BRICS formal invitation of Argentina, Egypt, Ethiopia, Iran, the United Arab Emirates, and Saudi Arabia to join the bloc moves the world a step closer to a “very dangerous phase” for the U.S. and the next major conflict, according to Willem Middelkoop, … “They are building a very powerful anti-western alliance, and it’s more
