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.
Uncertainty in the global economy and Trump's tariff plans caused a big sell-off in the US stock market. BNP Paribas strategists believe these factors are likely to push gold prices higher over the next while.
Gold hit a record high of $2,993.87 during Friday’s morning session. The market rally has been driven by uncertainty over US tariffs, trade tensions and expectations of Federal Reserve monetary easing.
Macquarie Group analysts forecast gold prices to rise to a record $3,500 per ounce in the third quarter. The average price this year, in their opinion, will amount to $3,150 per ounce. Such growth is expected due to the increasing investment demand for the metal as a safe asset.
An increase of the indicator value may contribute to the fall in quotes of Gold.
Gold prices rose on Thursday as continued uncertainty over tariffs boosted demand for safe-haven assets. The precious metal was also supported by lower-than-expected US inflation data, which bolstered expectations for interest rate cuts in the country.
The rally in gold is now going on despite the absence of traditional price drivers, says Ross Norman, Metals Daily's CEO. Norman considers the actions of a major undisclosed player to be the most convincing explanation.
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 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.