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Current market conditions support another gold price surge, perhaps past $4,000 per ounce. Here's what to consider.
A 39% price jump this year puts the precious metal on track for a greater annual price increase than during the depths of the Covid-19 pandemic or 2007-09 recession.
Soaring international gold prices are driving up the price of mercury, a toxic metal key in illegal gold mining, to all-time highs
Experts say you may want to consider adding some gold to your portfolio despite today's high price tag. Here's why.
The dollar was on the defensive, shares edged up and gold scaled new heights on Wednesday as global markets counted down to an anticipated rate cut by the Federal Reserve later in the day and waited on signals around the extent of future easing.
The heist was the latest in a string of thefts at museums in France. Thieves broke into a gallery at the National Museum of Natural History in Paris overnight Monday and stole nuggets of raw gold worth about $700,000, officials said on Wednesday.
The fact that traders look positioned to buy more is partly why Deutsche Bank precious metals analyst, Michael Hsueh, sees gold hitting 4,000 by next year, for an 8% gain from a current 3700. Sure, that is a smaller gain than that seen in the past few years, but it’s still strong given the potential risk to the stock market from a slowing economy.
Gold and silver prices moved lower Wednesday in what Jim Wyckoff, senior market analyst at Kitco.com referred to as “profit-taking and position evening” ahead of the conclusion of the Federal Open Mar