Latest Updates Around The World
The rapidly evolving conflict in the Middle East is increasing investor anxiety and strengthening the case for safe haven transactions such as government bonds, gold and the Swiss franc. Macro traders said all eyes will be on energy markets when trading fully reopens on Monday, with early indications of volatility also expected as the US […]
Gold and silver traders can expect some fireworks on Monday after Israel launched a pre-emptive strike on Iran on Saturday with the help of the United States, plunging the Middle East into a new bout of military confrontation.The strike is expected to further dim hopes for a diplomatic solution to Tehran’s long-running nuclear dispute with […]
Gold prices remained largely steady on Friday, with investors digesting the previous day’s nuclear talks between the US and Iran, while the dollar, hovering near a three-week high, put pressure on the yellow metal. RAW MATERIALS Spot gold was steady at $5,187.39 an ounce by 0146 GMT. Bullion hit a more than three-week high on […]
Domestic gold prices traded positively in opening trade on Friday amid positive global cues as geopolitical tensions kept the yellow metal’s appeal intact. Gold futures on the MCX in April rose nearly Rs 400 per 10 gram or 0.24% to Rs 1,55,198. Meanwhile, March silver futures traded at Rs 2,44,390 per kg, up 1.24% or […]
Gold and silver witnessed one of their most dramatic selloffs last week, marking a sharp reversal from the record highs reached just days earlier. The plunge, which saw gold fall from above $5,587 to $4,403 and silver collapse by more than 30 to 36% in a matter of hours, was caused by a combination of […]
Gold rose to a record above $5,500 an ounce, continuing a sharp rally driven by a weaker U.S. dollar, a flight from government bonds and rising geopolitical tensions. | Photo credit: iStockphoto Gold rose to a record high above $5,500 an ounce, continuing a breakneck rally fueled by US dollar weakness and a broader flight […]
TLDR: Gold posted its strongest annual performance since 1979 with a 61.4% gain to reach a record high of $4,600. JP Morgan and Bank of America predict that the gold price will reach $5,000 in 2026 with a Polymarket probability of 79%. Tokenized gold products Pax Gold and Tether Gold control nearly 80% of the […]
Gold will replace the US dollar as a central bank reserve, ending its hegemony and leading to a dollar crash against fiat currencies, Peter Schiff, chief economist and global strategist at Euro Pacific Asset Management, warned, urging investors to prepare for a “historic collapse”.“The reign of the King Dollar is coming to an end. Gold […]
