Oct 22, 2024
On Friday, gold surged to new heights, closing above $2,700 per ounce and reaching $2,740 today, marking a new all-time high. Silver followed suit, breaking through $33 per ounce and extending to around $34.30, its highest level this year.
Oct 8, 2024
Gold ETFs play a crucial role in the overall gold market. They are second only to central bank purchases in terms of significance, and their performance heavily influences gold prices. Currently, all three segments of the investment gold market; central banks, ETFs, and the retail physical market are active buyers. As a result, analysts expect gold prices to continue appreciating in the foreseeable future.
Oct 1, 2024
It has been one week since the Federal Open Market Committee (FOMC) cut interest rates. Thus far, the reaction from gold has been modest, rising by 1% since Chairman Powell announced the 50-basis-point rate cut. Silver, for its part, is up just under 2% and continues to be the more volatile of the two metals under current market conditions.
Sep 24, 2024
A recent bipartisan report highlights escalating geopolitical tensions that pose serious threats to global stability, which may drive demand for gold and silver. The report, issued by a congressionally appointed commission, warns that the U.S. faces its most severe threats since 1945, including the potential for near-term conflict.
Sep 17, 2024
It’s been an eventful week in both the political and financial markets. Vice President Kamala Harris faced off against former President Donald Trump in a high-profile debate, where she performed notably well, regardless of differing political perspectives.
Sep 10, 2024
The nation’s attention will be fixed on televisions and laptops this evening as Donald Trump and Kamala Harris participate in what may be the only publicized debate between the two presidential candidates. With polls showing them in a tight race, and their contrasting styles, the debate promises to be a lively event.
Sep 3, 2024
As we enter September, it's important to note that this month has historically been challenging for precious metals. Since 2009, gold has typically dropped by 2.4%, silver by 3.8%, platinum by 3.7%, and palladium by 0.4%. This trend is often linked to broader market factors, such as increased volatility and weaker U.S. stock performance during September.
Aug 27, 2024
The metals' initial reaction to Powell’s announcement last week was positive. Gold continued its recent rally, closing above USD $2,500 per ounce on Friday, where it remains at the time of writing. Silver also benefited, bouncing above $30 per ounce for the first time since mid-July.
Aug 20, 2024
Gold has cleared an important psychological barrier of $2,500 per ounce and is currently trading at $2,533 per ounce at the time of writing. Silver is beginning to recover some of its recently lost ground, trading at $29.95 per ounce. Both metals appear to have attracted renewed demand based on mixed U.S. data published last week.
Aug 13, 2024
Gold continues to trade within a healthy range of USD $2,425-$2,475 per ounce, with a solid floor seemingly established at $2,400. Silver’s surprising lag has left investors scratching their heads.