Gold

Central Banks’ Strategic Shift Towards Gold in an Uncertain Economy – Joe Cavatoni

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In an era where the global economy navigates through turbulence and uncertainty, gold’s allure seems to shine brighter than ever. Joe Cavatoni, Senior Market Strategist at the World Gold Council. “Gold as a pure investment is actually starting to get more interest and more momentum onshore… we had a 28% increase in annual demand, which […]

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Central Banks Are Turning To Gold As They Lose Faith In Bonds – ANZ

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In the last two years central bank gold purchases as its share in global demand has tripled, representing between 25% and 30% noted by Commodity analysts at ANZ. “[Emerging market] central banks could purchase over 600 tonnes of gold annually until 2030, to take its share in their foreign reserves to 10%. China will likely

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Central banks and OTC markets drive record gold demand in 2023 – WGC

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Gold prices saw a 15% gain, despite challenging headwinds as the Federal Reserve maintained its aggressive monetary policies, supporting the higher bond yields and the U.S. dollar. The World Gold Council published its 2023 fourth quarter and full-year gold demand trends report, saying that annual gold demand, excluding over-the-counter markets, totaled 4,448 tonnes, a 5%

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BRICS Plus expansion is accelerating petrodollar collapse, ultimately leading to massive global dollar dump – Schechtman

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The BRICS expansion is a major catalyst for the ultimate demise of the U.S. dollar, with the additional five new members accelerating the de-dollarization process as they increase trade in local currencies and buy and sell oil not using the dollar, thereby further destabilizing the petrodollar, warned Andy Schectman. On top of the shifting mindset

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Fed rate cuts could push gold prices up 20% this year, but silver will jump 48% – AuAg Fund

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In their recently published 2024 outlook, analysts at AuAg Funds said they expect to see a 20% rally in gold prices this year, pushing the market past $2,400 an ounce. “We believe that central banks will shift away from rate hikes and adopt a more accommodative policy stance in 2024, which will catalyze a substantial

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Gold Can Protect & Grow Your Financial Future ~ Secure Your Retirement Goals! 

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When you envision retirement, do you think of site seeing the U.S., traveling across Europe, or spending more time with grandchildren, friends, and family? While past generations were able to enjoy these retirement pastimes as early as age 55, the reality now is that many Americans may never gain the opportunity to fully retire.   Data

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Gold Closes out 2023 Above $2063, Technicals Point to Price Gains in January

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Gold finished the final trading day of 2023 trading at $2,063.45, posting a 13.5% gain for 2023. Many analysts are predicting hundreds more in gains in 2024. (Kitco News) – If you told investors in September of last year that by the end of 2023, the gold price would be closing higher than the year,

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Gold Outlook for 2024

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The technical analysis for this gold market is obviously very bullish. The Federal Reserve’s suggestion that it is going to cut interest rates during the year will continue to put upward pressure on the gold market. The bond market will continue to see lower yields for 2024, and therefore it does make more sense to hold gold.

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