Gold continues to outperform the weakening Canadian dollar, hovering near C$4,000 as the Bank of Canada lowers rates and ends quantitative tightening. Meanwhile, tech stocks struggle due to concerns over AI competition, and U.S. bonds rise as investors seek safety amid market volatility.
Governments are in the flim-flam business. Pared down to the bare essentials, governments can be very useful in passing and enforcing a small number of very basic laws.
Gold prices have soared past $2,700 per ounce as inflation concerns and economic uncertainty push investors toward safe-haven assets. Analysts predict that gold could reach the significant resistance level of $3,000 an ounce later this year. Despite some consolidation, the precious metal is showing impressive strength against major global currencies. Investors are increasingly eyeing gold as a hedge against rising economic volatility and inflation, with gains expected to continue as the U.S. dollar remains strong.
As the U.S. dollar strengthens in 2025, investors face mixed consequences. With a 10% rally since September, inflation and interest rates remain crucial variables. Investors eye opportunities in gold and silver, while concerns about mounting debt and global capital flows continue to drive market volatility and uncertainty.
U.S. stocks plunged on Friday as investors digested a final 2024 jobs report that blew past expectations on hiring, raising more uncertainty about the path of interest rates this year.
Gold prices were set to end a record-breaking year on a positive note on Tuesday as robust central bank buying, geopolitical uncertainties and monetary policy easing fueled the safe-haven metal’s strongest annual performance since 2010.
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