Columbus, OH

Gold hits a new record following Powell’s historic speech on prolonged high-interest rates, reshaping the precious metals market. Gold’s Roller Coaster: Highs and Lows Amid Economic Uncertainty. Gold’s recent rally to record highs, spurred by Federal Reserve Chair Jerome Powell’s historic speech, has hit a stumbling block. The...

Gold’s Surge to a Record High: Analyzing Powell’s Impact on the Precious Metals Market

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

In the latest episode of the Money Metals Midweek Memo podcast, host Mike Maharrey dived into the ongoing impacts of inflation, Federal Reserve policies, and the latest developments in the gold and silver markets. Maharrey opened the discussion with an analogy comparing the Federal Reserve’s denial of responsibility for inflation...

Gold Hits Historic Milestones as Inflation and Dollar Weakness Drive Precious Metals Surge

Silver’s value has recently dipped to approximately $29.09, contrasting with the strengthening US dollar and a boost in market confidence due to diminishing fears of a harsh US recession. This trend is pushing investors to reassess their strategies, especially those who invested heavily in silver as a secure option.

Silver dip prompts investor strategy reassessment

(Reuters) - Gold prices slipped on Wednesday as the dollar ticked up, while investors awaited a key U.S. inflation report due this week for more clarity on the size of a likely September rate cut. Spot gold fell 0.6% to $2,509.75 per ounce by 0749 GMT. Bullion hit a record...

Gold Slips on Firmer Dollar, US Inflation Data in Focus

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

Gold prices reached record highs in July and August, driven by economic instability and geopolitical tensions. Palladium and platinum prices faced bearish pressure due to weak demand and concerns about a global economic slowdown. Silver prices experienced volatility, rallying briefly before declining due to weak industrial demand. Analysts predict gold...

How Long Will Gold’s Record-Breaking Rally Last?

(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

The current upward trend in silver may interest investors as it is expected to reach potential highs of. This rise is attributed to an increased industrial use of silver and a weakening USD environment. Simultaneously, potential disruptions to silver mining operations due to global uncertainties are raising supply concerns. However,...

Silver on the rise amid market volatility

Gold prices fell sharply yesterday as investors reacted, as expected, to the latest U.S. inflation data, which came in below expectations. Gold is traditionally seen as a safe-haven asset in volatile economic times and tends to rise when inflation rises. However, the latest CPI data has changed market sentiment, and many market participants now believe that the Federal Reserve may cut interest rates. This has made gold less attractive, leading to a sharp sell-off.

Gold Crashes, Bitcoin Rockets, And Peter Schiff Is Not Happy About It

CBS News

We may receive commissions from some links to products on this page. Promotions are subject to availability and retailer terms.
  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

Reuters

(Reuters) - Geopolitical tensions, uncertainty created by the upcoming U.S. Presidential election and prospective interest rate cuts look set to help power gold prices, already at records above $2,500 an ounce, to even loftier levels.

Strong tailwinds for gold's excursion into uncharted territory

The best-performing precious metal for the week was silver, up 3.52% on expectations of stronger demand, with India nearly doubling solar imports this year, cites Bloomberg. Gold climbed back above $2,500 per ounce after Federal Reserve Chair Jerome Powel signaled that the time has come for interest-rate cuts. TD Securities Bart Melek, global head of commodity strategy, expects bullion to rise further to more than $2,700 in the coming quarters.

Gold SWOT: For the First Time Ever, a Bar of Gold Is Worth a Cool One Million Dollars

FXDailyReport.com

Gold prices stay near the record high and there is no major reactions yet. The price might continue trading sideways while aiming to extend the bullish movement. When the price starts a bearish correction toward the green box area, traders could wait for bullish reactions to add more long positions. On the upside, $2,611 is the bullish target to watch.

Daily Oil, Gold, Silver Technical Analysis | August 27, 2024

Gold prices climbed 1% as the dollar and Treasury yields retreated following Federal Reserve Chair Jerome Powell comments signaling an interest rate cut in September. Spot gold rose 1.15% to $2,511.91 per ounce, but was off a record high of $2,531.60 hit on Tuesday. U.S. gold futures gained 1.19% to $2,546.70.

Gold gains 1% as Powell comments hint at September cut

NEW YORK (August 26) The gold market continues to trade around record highs as the U.S. manufacturing sector continues to show a muddled picture of the economy. Monday the Commerce Department said that U.S. durable goods orders increased 9.9% last month, following June’s revised drop of 6.9%. The data significantly beat expectations as economists were looking for a 4.0% increase.

Gold price holding near record highs as U.S. durable goods orders rise 9.9% in July

Gold futures eyed another fresh record on further weakness in the US dollar and expectations that the Federal Reserve will slash interest rates next month. The yellow metal has been on a tear over the past month and has recorded 28 all-time high finishes in 2024. December gold futures surged...

Gold Prices Test Another Record Close on US Dollar Weakness, Fed Rate Cuts

Georgia State

Contributors represent independent, third-party users who have joined our contributor program and self-verified their accounts. They have also demonstrated their experience writing hard news for other outlets. Contributors are expected, like all users, to adhere to our Community Standards.

contributor

Appling County, GA

Daily Coffee Press

A 40-year-old man from Appling County, Christopher Eric Stone, with a significant criminal history, was recently sentenced to over five years in prison after pleading guilty to possession of methamphetamine with intent to distribute, according to officials from the Department of Justice.

Georgia Man Sentenced to Over 5 Years for in Federal Prison for Meth Distribution

Community Voices represent independent, third-party users who have joined our contributor program but not yet verified their accounts. Community Voices are expected, like all users, to adhere to our Community Standards.

community_voice

NewsNinja

‘Any meat items my dogs refuse to eat, I no longer eat.’ It’s said that animals have a “sixth sense,” which affords them an insight human beings cannot match. There are clips of security camera earthquake footage where pets can be seen wigging out seconds before tremors begin.

‘It ain’t food anymore.’: Dairy Queen customer warns against chicken after his dog refuses to eat it

Harmony Gold, South Africa’s biggest gold producer by volume, said on Monday its profit probably doubled in the year ended June 30, buoyed by a rise in output of the precious metal, better grades and a price rally. The Johannesburg-based miner reported preliminary headline earnings per share of $0.98...

Harmony Gold sees profit surge as prices rally

NewsBreak

Gold: Rally Beyond $2,550 Hinges on Fuel From These 2 Catalysts

LONDON (August 27) Gold prices rallied last week, buoyed by a dovish speech from Federal Reserve Chair Jerome Powell. While the metal's upward momentum has shown...

Gold: Rally Beyond $2,550 Hinges on Fuel From These 2 Catalysts

Comments / 0