Recent gold price highs are just the beginning of a major new uptrend
We may only just be reaching the midway marker for March but it’s fair to say the third month of the year can only be characterised as being scorching hot for gold prices. However, while we have seen gold hit highs of around £1,721 ($2,195), these gains now look to be just the tip of […]
Stronger U.S. dollar creates window to buy
If this month’s rally caught you on the left foot, there’s a window of opportunity open now that you won’t want to miss. The latest PPI report (issued by the Bureau of Labor Statistics earlier this week) has put some air in the sales of the dollar index, giving it a surge of momentum and […]
China’s central bank marks 16 consecutive months of gold buying
Central bank demand has been a key supporter of higher gold prices – a factor that appears to be here for the long term. New data confirms that China, which led central bank acquisitions in 2023, continues to buy gold in substantial volumes. It added an additional 12 tonnes to its vaults in February, according […]
Get ready for £2,034 (+20%) per Troy ounce gold
We have seen gold race to two new record highs within the last week – but the bulls have a lot more left in the tank according to one analyst, who says that £2,034 (+20%) per Troy ounce is on the cards. Brokerage firm co-founder, Carley Garner’s analysis indicates that a huge break out is coming, with […]
Physical demand is now another factor supporting gold prices
There has been a confluence of factors supporting a gold price rally – from increasing geopolitical tensions fuelled by the Middle East conflict, to progress on inflation, central bank demand, an apparent shift in how the Federal Reserve is leaning on policy, and concerns about economic performance. We can now add a surge in physical […]
Gold sets second record high of the week in new gold rush
Analysts have been calling for new record high prices for gold throughout 2024 and just a few weeks into the year, their projections have been proven to be right on the money. The bulls are rampaging this week and yesterday (Thursday) set a second new all-time high for the week, with prices soaring to £1,693 […]
This week’s gold highs are just the start of the bull run says veteran economist
The veteran economist, Dennis Gartman, who is now editor and publisher of The Gartman Letter following a long career in the banking sector, says the prices we are seeing this week are just the beginning of what could be an epic new era for gold. Gartman has been expecting gold prices to set a new […]
Special Report – The gold bulls are rallying with a new record high in the books
The gold bulls are racing towards the end of the first quarter, with several days of gains resulting in a new record high being set yesterday (Tuesday). Prices surged to £1,685 ($2,141) on the back of fresh expectation that the Federal Reserve will initiate rate cuts as early as June as the economy emits signs […]
Is the Federal Reserve pushing the economy into the danger zone?
The Federal Reserve could be pushing the U.S. economy into dangerous territory with its highly restrictive policy stance according to economists, with some warning that prolonging higher rates could begin to restrict economic growth. Yesterday (Thursday) saw the monthly Personal Consumption Expenditures (PCE) price index data release. Excluding the cost of food (which increased by […]
Saxo Bank says gold continues to hold strong in the face of challenges
One of the hallmarks of strength is how well an asset performs in the face of headwinds – in the case of gold, that performance is stellar, so says Saxo Bank. The Danish investment bank has this week underlined its support for the yellow metal, pointing out the relative strength of the asset despite tricky trading […]