Gold

$3K Gold? Banks’ 2024 Gold Price Forecasts Surge

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 […]

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Citi: $2,700 – $3,000 by 2025 – Gold Investment Demand to Rise

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

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The Gold Market is Well-Positioned for the Second Half of 2024 – World Gold Council

“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

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Schroders, UBS Global Wealth Push Gold as Key Haven This Year

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

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Why Central Banks Are Increasing Their Gold Reserves: 29% Plan to Buy More in 2024 – World Gold Council Report

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

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Gold Is Getting Harder to Find as Miners Struggle to Excavate More, World Gold Council Says

The gold mining industry is struggling to sustain production growth as deposits of the yellow metal become harder to find, said the World Gold Council. According to data from the international trade association, mine production inched up only 0.5% in 2023 compared to a year ago. “It’s getting harder to find gold, permit it, finance

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China’s Historic Dump of $53 Billion US Treasuries Is Unprecedented Blow to US Economy

By offloading US treasuries and increasing its gold reserves, China aims to shield its economy from potential US economic sanctions and maintain financial stability. This historic move, the largest sell-off initiated by China, coincides with a broader trend of BRICS countries offloading US treasuries since 2022. This move is seen as an attempt to diversify

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Signs That a Global Gold Standard is Gaining Traction – Steve Forbes

“It’s hard to believe, but the world is beginning to lurch toward a gold-based monetary system,” Forbes wrote in an article published May 21. “This, despite the fact that the historical gold standard is held in almost universal contempt by economists and financial officials.” He said that despite the many myths and pervasive ignorance surrounding

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Could the Shift of Gold West to East Set the Stage for a New Gold-Backed Currency?

China takes up over two-thirds of all the annual production…That’s where the gold price is set. During the first two months of 2024, China imported 367 metric tons of gold for non-monetary use. That was a 51 percent increase from the same period in 2023. Gold jewelry, coins, and bullion sales in China rose 24

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“Dramatic” Re-Pricing Across All Financial Assets Coming as the Fed Moves Away from Its 2% Inflation Target to This – Larry McDonald

Financial markets are about to witness one of the most epic migrations of capital in history as investors rush into hard assets, warned Larry McDonald. With the national debt approaching $35 trillion, there are only two ways out of the situation — defaults or printing more money. A commodity bull market will dominate the financial

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