A decrease of the indicator value may contribute to the rise in quotes of Silver, Gold and the fall in quotes of USD.
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At the current moment, silver is trading at approximately $36 per ounce, a 27% increase from its price at the beginning of this year. According to Randy Smallwood, CEO of Wheaton Precious Metals, the asset still has room for a further upside.
25 June
Gold strengthens amid declining dollar and US Treasury yields
According to Reuters, gold is gaining ground as the US dollar weakens and Treasury yields decline. Meanwhile, market participants continue to monitor the unstable situation in the Middle East.
25 June
A survey by the Official Monetary and Financial Institutions Forum (OMFIF) found that one in three central banks plan to cut their dependence on the dollar and ramp up gold holdings over the next year or two.
24 June
Mexico will not approve new metal mining concessions
Mexico will not issue new licenses for metal mining, said President Claudia Sheinbaum. Additionally, the government intends to review existing projects to assess their impact on the environment, which will help determine whether they can continue operations.
24 June
On Tuesday, gold prices dropped to a near two-week low. Investor risk appetite rose following US President Donald Trump's announcements of easing tensions between Israel and Iran, which dimmed safe-haven demand.
24 June
An increase of the indicator value may contribute to the rise in quotes of Gold.
23 June
According to UBS analysts, gold should be considered a means of portfolio diversification and risk hedging. In the current situation, the bank's experts advise against viewing gold as a separate instrument entirely dependent on price fluctuations.
23 June
Gold prices fall despite expectations of Iran’s response to US actions
Gold prices fell on Monday after a recent rally. According to Bloomberg, market participants are anticipating retaliatory measures from Iran following US intervention in the Middle East conflict.
23 June
Societe Generale has no plans to sell gold until it reaches $4,000
According to Kitco News, gold may become an object of active trading due to its price remaining below the $3,400 per ounce level. Analysts at Societe Generale plan to hold a 7% share of the metal in their investment portfolio until the end of the Q3, considering it a key trading instrument.
20 June
Gold prices fall for first time in three weeks amid weakening demand for safe haven assets
According to Bloomberg data, gold prices have fallen for the first time in three weeks due to a slight easing of geopolitical tensions in the Middle East, which has reduced demand for safe-haven assets.
20 June
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.
Events impacting the gold market
- Global economic fluctuations. When the global economy changes, the price of gold is likely to react. The focus here is on seeking stability when faced with uncertainty.
- Political risks. Conflicts and political events can affect the demand for gold, too. The metal often serves as a safe-haven asset in tumultuous times.
- Real-time news. Exchanges are constantly reporting on current gold prices. Keep an eye on such news to stay informed.
- Economic reports. The release of economic reports and data can cause fluctuations in gold prices.
- Dollar influence. Pay attention to the dollar, as sometimes its exchange rate can have an impact on gold prices.
Gold in investment and finance
- Investing in gold. Many people choose the yellow metal as a long-term asset.
- Safety and confidence. Gold is considered to be a relatively "risk-free" asset that can add more stability to your portfolio.
Why follow gold news?
- To make better decisions. Knowing about the latest news helps in making informed investment decisions.
- To minimize risks. Keeping up with the news allows you to react quickly to changing market conditions.
