Election Aftermath: Trump Victory Pressures Gold, but Bullish Outlook Remains
Gold prices fell following Donald Trump’s decisive election victory, primarily due to a strengthening US dollar making bullion more expensive for many buyers. While the immediate impact was negative for gold, analysts predict a potentially bullish long-term outlook under Trump’s presidency, citing factors such as inflationary pressures and potential trade tensions with China.
Rare Uptick for Zimbabwe's Struggling Currency: ZiG Gains 4%
Zimbabwe’s gold-backed currency, the ZiG, has shown a rare positive performance against the US dollar, strengthening by 4% to 26.90 per dollar according to central bank data. This marks the second consecutive day of gains for the ZiG, which has struggled since its introduction in April. The currency’s appreciation is attributed to tighter monetary policies […]
Gold Steadies as US Election and Fed Rate Decision Approaches
As the US election gets underway and the Federal Reserve is expected to lower interest rates, gold prices hold steady just below their all-time high. Bullion has seen a significant surge of more than 30% in 2024, driven by factors such as anticipated rate cuts, central bank purchases, and geopolitical uncertainties. The close presidential race […]
Gold Retreats from Record Highs as Investors Lock in Profits
Gold prices have experienced a minor pullback from recent all-time highs, primarily due to profit-taking by traders. The precious metal briefly touched $2,800 per ounce before retreating, with volatility driven by factors such as the upcoming U.S. election, economic uncertainty, and geopolitical tensions. Despite the short-term fluctuations, long-term investments continue to flow into gold, with […]
How a Potential Silver Squeeze Could Rewrite Market History
The silver market is poised for a potential historic short squeeze due to a combination of factors, including decades of price suppression by major banks, a significant disparity between paper and physical silver, declining mine production, and increasing industrial demand. As banks face potential losses on their short positions and physical supplies dwindle, the true […]
Currency Markets Roiled as US Election Race Tightens
The US dollar weakened and Treasury yields fell as recent polls showed Kamala Harris gaining ground against Donald Trump in the presidential race. Investors had previously bet on a Trump victory, but are now adjusting their positions as the election appears too close to call. The Mexican peso and other currencies strengthened against the dollar […]
Who Will Win The Election? GOLD!
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Gold's Best Year Since the 1970s
As gold nears $2,800, several major catalysts signal this rally could be different from anything we’ve seen before.
Traders See Gold as a Best Bet as Close Election Looms
Gold prices are surging to record highs as investors seek a safe haven amid the uncertainty of the upcoming US election. The closely contested race has sparked concerns about potential market turmoil, driving demand for gold across a wide range of investors. Experts suggest that regardless of the election outcome, gold’s rally may continue due […]
Chinese Gold Jewelry Demand Rebounds in Q3
China’s gold jewelry demand showed a quarter-on-quarter increase from July to September, despite high gold prices. The World Gold Council reports a 19% quarterly growth in the third quarter, although year-on-year consumption fell by 34%. The council anticipates a potential rebound in the fourth quarter, driven by seasonal factors like wedding jewelry demand and the […]