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.
The Precious Metals Week in Review – December 27th, 2024
Gold rose in thin U.S. holiday trading as investors digesting mixed domestic jobs data while mulling the outlook for Federal Reserve interest-rate moves.
The Precious Metals Week in Review – November 8th, 2024
Investors are anticipating a 25-basis point rate cut by the Federal Reserve amidst mixed economic signals. Oil futures surged following OPEC+’s production cut delay and geopolitical tensions. Nvidia joined the Dow, reflecting its market significance despite challenges. Unemployment claims increased slightly, signaling stagnant job growth, while consumer sentiment improved slightly.
The Precious Metals Week in Review – November 17th, 2023
The yellow metal rallied an incredible 7.3% last month to close at $1,983 an ounce, its strongest October since 1978 when it jumped 11.7%.
Should Gold Investors Root for Deflation?
One of gold’s biggest catalysts throughout history has been inflation. Debase your currency enough and gold responds almost automatically. And the bigger the inflation, the bigger gold’s response. Even the fear of inflation ignites the gold price, like we saw from 2009 to 2011.