Category: Gold

Thieves Steal $850,000 Of Spanish Olive Oil As ‘Liquid Gold’ Price Skyrockets

Thieves have stolen $850,000 AUD (€500,000) worth of Spanish olive oil, showing how soaring prices are driving an increase in crime, posing challenges for producers and authorities alike. When we report on high-value thefts here at DMARGE, it’s usually precious gems from a Bulgari store or expensive parts from a plane graveyard; this news of […]

Gold investing hits an 11-year high. Here’s why investors are buying in.

Investors are flocking to gold right now — and for good reason. Creativ Studio Heinemann/Getty Images Gold has historically been an attractive investment due to the unique benefits it offers investors. Not only is the supply of gold finite, but it’s used in everything from electronics to industrial processes. And, when you add in the […]

The $52 trillion case to buy gold and SPDR Gold Trust  ETF(GLD)

price has moved sideways in the past few days as investors assess the impact of last week’s Federal Reserve decision and the falling US consumer inflation. The precious metal was trading at $1,957 on Monday, ~6% below the highest level this year. Similarly, the SPDR Gold Trust ETF (GLD) is hovering below its all-time high. […]

Eldorado Gold reports higher net earnings in Q2 y-o-y, maintains 2023 guidance

Eldorado Gold (TSX: ELD) (NYSE: EGO) announced last week it produced 109,435 ounces of gold in Q2 2023, down 4% compared to Q2 2022 (113,462 ounces) as a result of lower throughput at Lamaque due to the wildfires in the region and lower average gold grade and recoveries at Olympias. The company’s all-in sustaining costs […]

Gold to top $2,000 this year

YLG-branded gold bars on display. YLG expects the Fed to only raise interest rates once more this year. Gold prices are expected to rise above US$2,000 by the end of the year, amid expectations of an economic slowdown in the US and Europe, intense geopolitical factors, and fewer interest rate hikes, says YLG Bullion & […]

Will The Bullish Momentum In Gold And Silver Markets Continue?

Precious metal prices (especially silver) began a brief rally on July 12 before retreating again. Whether or not the bulls are here to stay is a question up for debate. Many remain optimistic that gold prices will continue upward until the end of 2023. However, gold and other precious metals markets still face some bearish […]

Alamos Gold: Another Year Of Successful Reserve Replacement (NYSE:AGI)

It’s been a two-year rollercoaster ride for investors in the Gold Miners Index (GDX), with the index seeing zero progress since January 2021 despite a higher gold price and the multiple rallies have brought out chants of $50+ price targets only to fizzle out shortly after. The lack of staying power when it comes to […]

Gold, silver weaker in lazy summertime trading

Gold and silver prices are slightly lower in midday U.S. trading Monday. It’s quieter and uneventful action in the marketplace to start the trading week. That’s allowing the chart-based traders to dictate price action, and the gold and silver technicals remain overall near-term bearish. However, it’s an active week for U.S. economic reports, including key […]

Gold firms above 3-month lows on Russia concerns

2023-06-26 11:27:00 Gold hovers above lowest level since mid-March hit on Friday There are still some underlying worries around Russia- analyst Palladium jumps, moving slightly off four-year lows June 26 (Reuters) – Gold prices on Monday firmed above last session’s more than three-month low, as concerns surrounding the political turmoil in Russia drove flows into […]

Gold Price and Crude Oil Price Turn Red

Gold price is moving lower below the $1,928 support. Crude oil price is also declining and remains at a risk of more losses below $69.00. Important Takeaways for Gold and Oil Prices Analysis Today Gold price failed to clear the $1,965 resistance and start a fresh decline against the US Dollar. It is now following […]

Gold price in Pakistan continues downward slide

Ingots of 99.99% pure gold are placed in a workroom at Krastsvetmet precious metals plant in the Siberian city of Krasnoyarsk, Russia, January 31, 2023. — Reuters Price of 10 grams gold declines by Rs2,143 to settle at Rs183,900. Yellow metal increases by $1 in international market.  Price of silver dropped by Rs50 to settle […]

Gold price outlook: assessing a potential turning point in market trends

European Central Bank One of the big events this week is in the Portuguese resort of Sintra. We had a lot of central bank meetings this week. Christine Lagarde will be heading up the meetings as the head of the European Central Bank. It’s the European Central Bank Banking Forum. But what I think is […]

U.S. retail sales beat expectations in May, gold price ticks down

2023-06-15 The gold market edged down after retail sales beat market expectations in May. U.S. retail sales rose 0.3% last month following an increase of 0.4% in April, according to the latest data from the U.S. Commerce Department. Economists’ consensus calls projected a decrease of 0.1% in May’s headline number. Core sales, which strip out […]

Aurumin Ltd kicks off pre-development on fast-track to gold production at Mt Dimer

Aurumin Ltd (ASX:AUN) has started pre-development work for a first-phase operation at the 100%-owned high-grade Mt Dimer Gold Project northeast of Southern Cross in Western Australia’s Goldfields. The company is aiming to take advantage of healthy gold prices through the phase one plan to begin production on a toll-treat or ore sale basis as soon […]

Why is gold price down as markets price in a pause after 10 consecutive rate hikes?

The gold market extended its weekly losses ahead of the Federal Reserve’s interest rate decision as markets re-priced expectations for a rate skip on Wednesday, followed by a rate hike in July. The highly anticipated inflation report revealed a contradictory outlook for the U.S. On the surface, inflation cooled to a 4% annual rate, marking […]

Investors: Time To Go For Gold?

2023-05-31 For the third time in as many years, gold is brushing up against the US$2,000 per ounce zone, which of course raises the question whether this resistance level will hold once again or will the yellow metal finally break out. For any investor who has invested in gold or gold miners for more than […]

Gold Price Boosted as Treasury Yields Slip Ahead of Debt Ceiling Resolution

2023-05-31 1 Gold, XAU/USD, Treasury Yields, US Dollar, Debt Ceiling, Fed, China PMI – Talking Points The gold price has reasserted itself as the US Dollar faces challenges Treasury yields have given up some of their gains this week as Fed moves into focus If the debt deal passes through Congress, will XAU/USD rally further? […]

U.S. economic data hammers gold price as markets gear up for a rate hike in June

The gold market got battered by upbeat economic data and stubbornly high inflation. As gold posted its third weekly loss, markets recalibrated for another 25-basis-point rate hike in June after pause expectations got shattered. Gold is looking to close down $35 on the week, with June Comex gold futures last trading at $1,945.80 an ounce. […]

How is US debt ceiling crisis affecting gold price, Dollar-Rupee rate – Explained

Gold prices have remained weak this week, staying below the ₹61,000-level, as market sentiment has been influenced by concerns over the US debt crisis. The role of the dollar index has also played a significant part in the weakness of gold. The strong resistance at $1,980 in Comex is expected to keep gold prices subdued. […]

Manappuram gold loans regain shine; ED issue remains a pain

2023-05-14 New Delhi: Gold loan cmpany Manappuram Finance Ltd’s March quarter (Q4FY23) results could bring some respite to its investors. The company’s key gold loan assets under management (AUM) rose sequentially in Q4 after falling for two consecutive quarters. Still, gold AUM is down 2.1% year-on-year (y-o-y). Higher gold prices have helped, along with a […]

Should you buy gold in response to the rising probability of a recession?

2023-05-15 Gold trades close to its all-time high levels and, for once since the COVID-19 pandemic, acts as a hedge against inflation. Many investors bought gold when governments and central banks started pumping money into the financial system in response to the pandemic shock. Indeed, fears of high inflation materialized. But the higher inflation went, […]

What price should you buy gold at?

2023-05-09 There is no perfect time to buy gold, but knowing what influences prices can help you make an informed decision. Gold is an attractive investment for many reasons. It provides reliable long-term returns, protects your portfolio from losses and can help you weather economic turbulence. And there are many ways to invest in this […]

Bitcoin or Gold? Big Investors Think It’s a No-Brainer.

2023-05-0 Bitcoin might be the gold of the future, but for now institutional investors prefer the genuine article. Bank failures that began in March spurred professional traders to add heavily to their exposure to gold futures even as they pulled back on engaging with crypto, according to a Thursday note by JP Morgan. Bullion is […]

Gold prices fall to near session lows as the U.S. economy created 253K jobs in April

2023-05-05 The gold market is seeing some solid selling pressure trading near session lows as the U.S. labor market continues to see robust growth. U.S. nonfarm payrolls rose by 253,000 last month, the Bureau of Labor Statistics said on Friday. The monthly figure was well above the market consensus estimate of 181,000. At the same […]

Gold price climbs to $2,040 on Fed Chair Powell’s pause comments

2023-05-03 The gold market kept its recent gains above $2,000 an ounce as Federal Reserve Chair Jerome Powell signaled a potential pause in tightening following another 25-basis-point rate hike. The Fed’s tenth consecutive increase brought the federal funds rate to a 5-5.25% range – the highest since mid-2007. But the May statement included a “meaningful” […]

The Fed Hiked Rates — What Happened to the Gold Price?

2023-05-03 After an impressive jump to nearly US$2,030 per ounce at 1:20 p.m. EST, the price of gold receded on Wednesday (May 3) following the decision by the US Federal Reserve to increase rates by 25 basis points in its May meeting. In a unanimous decision, the Fed raised the US central bank’s benchmark overnight […]

XAU/USD confirms a trading range breakout ahead of FOMC decision

2023-05-02 Gold price consolidates near a two-and-half-week high touched earlier this Wednesday. The uncertainty over the Federal Reserve’s rate-hike path seems to act as a headwind. Fresh banking jitters and a weaker US Dollar lend support ahead of the FOMC decision. Gold price consolidate the previous day’s strong gains and oscillates in a narrow trading […]

Centerra Gold Stock: Strong Downward Pressures Ahead, Sell (CGAU)

2023-05-03 Alexey Dozmorov/iStock via Getty Images This analysis supports a Sell recommendation for Centerra Gold Inc. (NYSE:CGAU) (TSX:CG:CA) stock for the reasons outlined in the article. My previous coverage on Centerra also supported a sell rating. How Has the Centerra Gold Inc. Stock Price Performed Lately and Why? Gold was somewhat popular in March as […]

Gold price jumps above $2,000 as U.S. job openings drop to 9.6 million

2023-05-02 Tuesday May 02, 2023 10:12 (Kitco News) The gold market moved above $2,000 an ounce after the U.S. labor market showed signs of slowing, with the number of job openings dropping more than expected in March. The number of available positions declined to 9.6 million in March from an upwardly revised 9.974 million a […]

Attention Now Turns to the Federal Reserve

2023-05-02 Gold Price (XAU/USD), Silver Price (XAG/USD): Charts, Price, and Analysis A slight hawkish re-pricing of the Fed’s intentions is weighing on gold and silver. US debt ceiling fears grow. Recommended by Nick Cawley Get Your Free Gold Forecast A range of asset classes are on hold today as the market waits for the latest […]

Palladium price is still at risk as it trails platinum, gold, silver

2023-05-02 Palladium price has deviated from other precious metals like gold, silver, and platinum. It has dropped by more than 36% in the past 12 months while platinum price has jumped by over 10% in the same period. Gold price and silver have all jumped by more than 10% in the same period. Why is […]

New Gold Stock: A Solid Start In 2023 (NYSE:NGD)

2023-05-01 Part I – Introduction Canada-based New Gold Inc. (NYSE:NGD) released its First-quarter 2023 results on April 26, 2023. Note: This article is an update of my article published on April 13, 2023. I have followed NGD on Seeking Alpha since January 2019. Note: New Gold operates two mines: The Rainy River and the New […]

Gold Price Forecast – Gold Markets Continue to See Buyers on Dips

2023-04-28 A break below the 50-Day EMA could result in a negative situation, pushing gold down to the $1900 level. The 200-Day EMA is likely at the $1900 level, so there may be considerable noise in the market if gold drops that far. If gold breaks out to the upside, it could face significant resistance […]

XAU Firm Amid Banking Stress, Debt Worries

2023-04-27 First Republic Bank’s Troubles Boost XAU A report indicates that US government officials have been hesitant to intervene in the troubled lender First Republic Bank’s (FRC.N) rescue process, resulting in a record low for the bank’s shares and giving gold an intraday boost on Wednesday. Prolonged banking stresses may lead to new record highs […]

Why Isn’t The Gold Price Doing What It’s Supposed To Do?

2023-04-26 A lot of people won’t like what I’m going to write next, but it occurred to me the scenario I’m about to describe might be true. For the record, I buy gold or silver every month that is held in a vault in Switzerland. I really like gold as an object and an asset. […]

Gold price near steady amid conflicting outside markets

2023-04-26 Gold prices are trading right around unchanged in early U.S. dealings Wednesday. Silver prices are firmer. The precious metals markets are seeing buying support from a lower U.S. dollar index at mid-week. However, the bears are benefitting from weaker crude oil prices and a slight uptick in U.S. Treasury yields. June gold was last […]

U.S. new home sales surprise with a jump in March, gold price trades below $2,000

2023-04-25 Gold continued to trade just below the $2,000 level as the U.S. new home sales surprised on the upside in March, rising more than expected. However, the prior month’s advance was revised to a drop. New home sales rose 9.6% last month and were at a seasonally adjusted annualized rate of 683,000 homes, the […]

Gold’s Price Decline Below $2,000 and its Implications

2023-04-25 Gold’s Price Decline Below $2,000 and its Implications I wrote in number of occasions that gold price was unlikely to hold the breakout above the $2,000 level. Last week provided the final confirmation. Gold price not only declined below $2,000 in a decisive manner. It not only closed the day below this level. It […]

Another Rejection of the $2000 Level, A Sign of Exhaustion?

2023-04-25 Gold (XAU/USD) AND DOLLAR INDEX FUNDAMENTAL BACKDROP The Gold price rallied higher in Asian trade with a retest of the $2000 which remains a magnet for price of late. The European session has seen some bids for the dollar index (DXY) materialize, helping gold retreat toward the $1985 mark at the time of writing. […]

XAU/USD jumps to six-day highs near $2,010 and retreats

2023-04-26 A volatile session for Gold price that continues to move sideways. US Dollar weakens during the American session despite upbeat US data. US Treasury yields print fresh weekly lows ahead of next week’s FOMC meeting. Gold price jumped at the beginning of the American session, rising from $1,995 to $2,009, reaching the highest level […]

Gold Price Today – Forbes Advisor

2023-04-20 The price of gold today, as of 8:17 am ET, was $2,000 per ounce. That’s up 0.31% from yesterday’s gold price of $1,994. Compared to last week, the price of gold is down 0.24%, and it’s up 4.04% from one month ago. The 52-week gold price high is $2,040, while the 52-week gold price […]

Will gold prices keep rising? Here’s what experts think

2023-04-18 Gold prices are near all-time highs, but will they stay there?  Gold prices have had a great run recently. Last week, the spot price of gold topped $2,000 for the first time since its all-time peak in 2020. That’s good news for investors, especially as gold prices continue to hold steady. But what does […]