Columbus, OH

NEW YORK (August 15) Gold has seen its best performance in decades in 2024 amid its climb to a new record high of $2,483.35, and while the yellow metal has struggled to rally above $2,480 on three separate occasions, one analyst says it's only a matter of time before it succeeds and breaks above $2,500.

Gold and silver to rally through the end of 2024, copper likely to lag

Gold steadied on Friday after a sharp upturn in the previous session, as new US economic data assuaged concerns of a recession and made the safe haven metal less attractive to investors. Spot gold was little moved at $2,428.66 per ounce, having posted its biggest one-day surge in three weeks...

Gold price on pace for worst week since early June

From my prior articles, we expected the last key low for Gold to form into the late-May to early-June timeframe - a move which was expected to end up as a countertrend affair. From there, the analysis called for new all-time highs to be seen into the late-July period or beyond, with the metal now setting up for its next mid-term price peak.

Gold Forecast: Gold Cycles Moving into the 'Kill Zone'

NEW YORK (August 19) Gold (XAU/USD) trades back below $2,500 on Monday as it corrects the gains made after it broke above resistance to a new all-time high on Friday. The precious metal is supported by lingering doubts about the resilience of the US economy, simmering geopolitical tensions – particularly in the Middle East – and a weaker US Dollar, in which Gold is mostly priced.

Gold pulls back below $2,500

Generally, gold prices and inflation tend to have a positive correlation. In the simplest terms, this means that as inflation rises, gold prices also typically rise, as investors seek out the precious metal as a currency hedge. However, with inflation showing signs of cooling down right alongside the jobs market, the chances of a rate cut by the Federal Reserve have climbed. So, in an environment where inflation is cooling, does the yellow metal still perform well?

3 Top Dividend Stocks to Invest in Higher Gold Prices

The gold price has just recorded a new record all-time high: $2,483 in the spot market on the night of July 17, 2024. Although this new record is a welcome development for precious metals investors, just within the last week a new signal has developed which may spell trouble for investors. This signal could suggest a significant top to develop soon in the gold price, so investors should monitor this developing situation closely.

Warning Signal for Gold & Silver Prices

Money Week

Professional investor Jacob White, ETF product manager at Sprott Asset Management, highlights three copper mining stocks set to benefit from surging demand for energy transition

How to profit from the next copper supercycle

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

DC News Now

Got $1 million to spare? It will buy you a single gold bar.

A gold bar is now worth $1 million for the first time

Inflation, economic uncertainty and expectations of Federal Reserve rate cuts have all combined to push the price of gold to record highs. The price of gold closed Friday at a record $2,500 an ounce and added slightly to the record in Monday’s trading. Since most gold bars contain 400 ounces of gold, people who have a gold bar in their safe are now millionaires.

Gold prices notch another record high

Colorado State

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David Heitz

A bill quietly introduced this spring in the Colorado legislature to decriminalize the possession of drug paraphernalia obtained by harm reductionists has become law. As low-key as the legislation was introduced, the bill was signed into law without fanfare June 6. It garnered little to no media attention.

Colorado legalizes needles, pipes for meth and crack if obtained by harm reduction group

Reuters

HOUSTON (Reuters) - An oil production breakthrough that producers say can safely tap ultra-high pressure fields could put up to 5 billion barrels of previously inaccessible crude into production, analysts said.

New drilling technology to put billions of barrels of oil in reach, analysts say

Responding to the recent commentary about the idea to spectacularly increase the U.S. money supply via the minting and depositing at the Federal Reserve of one or two platinum coins of trillion-dollar denominations, a friend asks: What would a trillion-dollar platinum coin do to the price of U.S. platinum Eagles?

Did Mark Twain Anticipate the Trillion Dollar Coin?

2024 has been an historic year for the gold market. As the price broke the $2,000 level, went through $2,100, and even despite some pullbacks along the way, kept on going until it reached its current level of over $2,500. But of course since we still always want to know...

Michael Oliver Report Answers:´How Crazy Is $3,000 Gold From Here?'

Denver, CO

In addition to collecting more than 8,000 used needles in the past year from Denver drug users, the Harm Reduction Action Center passed out 10,000 meth pipes and “snort kits,” according to a newsletter sent to its supporters Thursday. They also connected about 1,700 people to medical, mental health and substance abuse treatment.

Denver group hands out 10K meth pipes, ‘snort kits,’ connects 1,700 to treatment annually

Gold prices regained lost ground on Wednesday to hover close to their all-time highs after minutes from the U.S. Federal Reserve's last meeting showed officials strongly leaned towards an interest rate cut at their September policy meeting. Spot gold was up 0.1% at $2,516.01 per ounce after hitting a record...

Gold prices hover near record high post U.S. Fed minutes

LAUNCESTON, Australia (Reuters) -Gold has been the standout commodity performer so far this year, gaining 18.5% and posting a record high. But the precious metal may become a victim of its own success, with consumer buying at risk from the surge in prices.

Gold's run to record high may crimp demand: Russell

LONDON (August 22) Gold (XAU/USD) trades just above $2,500 after extending a modest pullback on Thursday. US yields are bouncing back into the green and the US Dollar (USD) – to which Gold is negatively correlated – inches back into positive territory after falling to year-to-date lows early Wednesday.

Gold extends shallow pullback as traders await key data

SmartAsset

Gold has long been seen as a safe-haven asset, providing a hedge against inflation and currency fluctuations, making it a popular choice for diversifying a portfolio. Investing in gold for beginners involves understanding the various options available, such as purchasing physical gold, investing in gold ETFs or buying shares in gold mining companies. For those […] The post How to Invest in Gold for Beginners appeared first on SmartReads by SmartAsset.

How to Invest in Gold for Beginners

TheStreet

Markets end lower as investor seem to think the Fed has waited too long to cut rates. And they sold stocks hard in response.

Stock Market Today: Stocks crushed as markets see Fed rate error

NewsBreak

Gold SWOT: Gold Fields Has Announced That It Will Acquire 100% of TSX-listed Osisko

The best performing precious metal for the week was silver, up 5.23%, in what seems like a precious metals market beginning to get real traction. Barrick...

Gold SWOT: Gold Fields Has Announced That It Will Acquire 100% of TSX-listed Osisko

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