A decrease of the indicator value may contribute to the rise in quotes of Silver, Gold and the fall in quotes of USD.
A decrease of the indicator value may contribute to the rise in quotes of Silver, Gold and the fall in quotes of USD.
Gold may seem overbought to traders right now, but it’s actually under-owned. This is evident from the extremely low total open interest on the CME, which is hovering near multi-year lows at just 425,000 contracts, according to TDS’s Daniel Ghali.
Gold’s record premium over the Bloomberg Industrial Metals Index, the widest since 1991, could be a warning sign for the global economy, says Bloomberg Intelligence strategist Mike McGlone. While gold has risen 40% in the past year, prices for industrial metals have fallen about 10%.
Gold production in Ghana could increase by 6.25%, reaching 5.1 million ounces in 2025. This would surpass last year's record high of 4.8 million ounces, as reported by the country's Chamber of Mines.
Gold prices climbed to $3,326 per ounce on Monday as escalating trade tensions drove investors toward safe-haven assets, Reuters reports. A spike followed US President Donald Trump’s threat to hike steel and aluminum tariffs to 50%.
An increase of the indicator value may contribute to the rise in quotes of Gold.
No change of the indicator value may reduce the volatility of the related markets.
A decrease of the indicator value may contribute to the rise in quotes of Silver, Gold and the fall in quotes of USD.
Gold prices climbed nearly 1%, according to the website Kitco News. The rally was driven by a 0.6% decline in the US dollar index, fueled by economic slowdown, uncertainty over American trade policy, and a court ruling challenging some of President Donald Trump's tariffs.
Gold has partially recovered after losing ground earlier this week. In recent days, the price of the precious metal has increased due to a decision by the US Federal Appeals Court to delay the cancellation of President Donald Trump's tariffs.
Analysts at Goldman Sachs advise adding gold and oil to long-term portfolios. The strategy is particularly relevant as concerns grow over the stability of the US economy.
Gold is not just glitter and beauty, but also a key asset in the financial sector.
Gold appears to be something more than just a metal. It is an indicator of economic stability and a tool for managing finances.
Staying up-to-date with the latest gold news is a key to successful management of your funds.