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  Over the last few months, investor attention has been largely focused on one asset in particular: gold. While the precious metal has always had an allure for investors, this renewed attention is due, in large part, to gold's remarkable price journey so far in 2024.While gold is typically considered a long-term investment, the precious metal has recently bucked that trend, growing in value by hundreds of dollars since the start of the year. The yellow metal was trading at...

Will 1-ounce gold bars be worth investing in this September?

Gold softened on Friday as the dollar and Treasury yields firmed after U.S. inflation data matched expectations, but the bullion is set for a monthly gain as a September interest rate cut by the Federal Reserve remains in play. Spot gold slipped 0.7% to $2,503.95 per ounce and U.S. gold...

Gold drops as dollar, yields firm after U.S. inflation report

The start of the week saw a decline in gold prices (XAU/USD), dropping to $2,498, primarily due to the strength of the US dollar. Many investors seized this as an opportunity to diversify their portfolios with gold. The robust US dollar is largely down to the Federal Reserve decreasing its...

Gold prices dip amid stronger US dollar

FXDailyReport.com

Gold prices continue trading sideways near the current level and above the green box area. There is a slight bearish sign but the price might continue the sideways movement. If the price moves lower and enters the green box area then traders could wait near support levels for a chance to enter long positions. In the long term, we still think the price will continue the bullish trend to target a new record high.

Daily Oil, Gold, Silver Technical Analysis | September 02, 2024

Markets Insider

Gold jumped past $2,500 an ounce on Friday, reaching a new high. The metal is rallying on bets the Fed will soon cut rates.

Why gold prices just hit a record

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  The price of gold has climbed steadily since March, and much of that upswing has to do with the current economic climate. With high inflation, elevated interest rates and a looming presidential election, many have invested in gold to protect their wealth."During times of uncertainty, gold can serve as a safe haven," says Sean Mason, an investment advisor representative with Fresno Financial Advisors. This flock toward safety has caused gold to reach record highs several times, eventually surpassing $2,500 per...

How high will the price of gold climb this fall? Here's what experts say

(1:00) - What Is Pushing Gold Prices Higher?. (5:15) - Why Are Central Banks Buying Up So Much Gold Lately?. (8:45) - Can This Gold Rally Continue And For How Long?. (16:10) - How Much Gold Allocation Should You Have In Your Portfolio?. (21:10) - Breaking Down The Outlook For...

Why Gold Prices Are Set to Soar

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  There's no question that gold's unique investing benefits have always attracted a certain level of interest from investors. After all, gold offers unparalleled perks as an investment vehicle, from acting as a safe haven for investors' wealth to providing a hedge against inflation. The right gold allocation can also help protect investors' portfolios against losses from other types of assets, so there's often significant value in adding it to your asset mix.  But while gold has long been worth...

Why gold prices may rise this September

The Guardian

Spot price increases to $2,531.60, with record run meaning standard gold bar is worth more than $1m

Gold prices hit record high amid prospect of US interest rate cuts

Washington, DC

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NewsNinja

A woman says she overheard Texas Roadhouse corporate managers plotting to terminate an employee who is in the intensive care unit (ICU) by baiting her husband with a fake benefits package. The story has sparked outrage in a now-viral TikTok.

Woman catches Texas Roadhouse managers allegedly scheming to terminate an injured worker

The U.S. dollar remains the world’s reserve currency and the pricing mechanism for most commodities. The dollar’s exchange rate versus other reserve fiat currencies is often a function of interest rate differentials. At the Fed’s August Jackson Hole meeting, Chairman Powell sent a strong message that inflation has moved toward the central bank’s 2% target and that market participants should expect a decline in the short-term Fed Funds Rate at the September FOMC meeting. Lower rates tend to weigh on the dollar’s value against other currencies.

Commodity Market Roundup: August’s Top Performers and Underperformers

Business Insider

The cost to store and protect physical gold can easily eat up a lot of its increase in value, but for some investors, it's still a worthwhile bet.

The ultra-rich who own $1 million gold bars probably aren't focused on profits amid soaring gold prices, experts say

It's the latest sign that the famous shipwreck is gradually degrading from bacteria, with experts warning it could disappear in a matter of years.

'Titanic will literally never look the same' after researchers discovered the site of James Cameron's famous 'I'm flying' scene is breaking apart

Harmony Gold Mining Co. said its profit in the last fiscal year likely rose 78% after it increased output as bullion prices notched successive records. The Johannesburg-listed company expects to post earnings per share of as much as 13.88 rand ($0.78) for the 12 months through June, up from 7.80 rand in the same period a year earlier, according to a statement released on Monday. It will release financial statements on Sept. 5.

Harmony Gold says profit soared 78% on higher output and prices

Shares of PDD Holdings collapsed after an executive warned of near-term pressures on sales growth. However, the efficient market undoubtedly priced its dismay into PDD stock, paving the path for a recovery. All the doom and gloom could set the stage for a PDD stock boom. On an emotional level,...

Prediction: This Will Be PDD Holdings' Next Big Move

Gold prices dropped on Wednesday, hurt by a stronger U.S. dollar as investors focused on key inflation data from the world's largest economy for clues on the size of the Federal Reserve's potential interest-rate cut in September. Spot gold was down 0.8% at $2,505.03 an ounce, having slipped as much...

Gold falls on firmer dollar as U.S. data takes spotlight

BMI, a unit of Fitch Solutions, revised upwards its tin price forecast for 2024 from an annual average of $28,000 per tonne previously to $30,000 per tonne, on the back of supply disruptions in key producers Myanmar and Indonesia. The price of tin ended August at $32,500/t and so far...

Tin price on a multi-year bull run

The dollar index (DXY00) today rose to a 2-week high and is up +0.09%. Weakness in stocks today has prompted some liquidity demand for the dollar. However, gains in the dollar are limited by today’s weaker-than-expected US ISM manufacturing and construction spending reports. The US Aug ISM manufacturing index...

Dollar Supported by Weakness in Stocks

RadarOnline

Slash's stepdaughter Lucy-Bleu Knight's cause of death has been revealed.RadarOnline.com can reveal the Los Angeles Medical Examiner's Office determined her manner of death was suicide from hydrogen sulfide toxicity.Hydrogen sulfide is a hazardous and flammable gas that poses significant human risks. According to the Centers for Disease Control and Prevention (CDC), acute exposure to hydrogen sulfide can lead to symptoms such as nausea, headaches, delirium, loss of balance, tremors, convulsions, and irritation of the skin and eyes. In cases of high exposure, the gas can cause rapid loss of consciousness and can be fatal.The coroner's office told the NY Post:...

Autopsy Stunner: Guns N' Roses Guitarist Slash's Step-daughter Died of 'Poisonous, Flammable Gas-Induced' Suicide

Montana State

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Wyoming State

WyoFile

To increase the genetic diversity of an island population of grizzly bears , Wyoming and Montana wildlife managers recently worked together to import fresh bloodlines into the Greater Yellowstone Ecosystem.

Two Montana grizzly bears trucked to Wyoming to bolster genetic diversity, help states’ delisting case

NewsBreak

Silver Aims for $30 Breakout

As observed on the XAG/USD chart today, silver prices have seen a decline of more than 5% over the past week. Similar bearish trends are also...

Silver Aims for $30 Breakout

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