Category: gold market

  • Historical data highlights January as a promising period for gold, averaging a robust 1.79% return since 1971.

    Reading Time: 2 minutes Historical records underscore January’s significance for gold, showcasing an average return of 1.79% during this month, nearly three times its typical monthly performance. Moreover, positive January returns have occurred almost 60% of the time and nearly 70% since 2000, signaling a consistent trend. Late summer also tends to favor gold’s performance.…

  • Gold Surpasses Stocks in 2023 as Rally Continues.

    Reading Time: < 1 minute In a noteworthy shift, gold has outpaced the S&P 500 in 2023, nearing the significant $2,000 mark. The ongoing rally has seen a 9.2% increase in gold since the year began, marking a departure from the struggles witnessed in the stock market. This trend of gold outperforming stocks isn’t novel,…

  • CPM’s Jeffrey Christian anticipates a significant surge in gold prices throughout 2024-2025.

    Reading Time: 3 minutes Beyond this conversation, it’s also highlighted that gold has been setting annual records for the past few years, with projections for further records in 2024 and 2025. These price surges are attributed to global economic challenges and political uncertainties. Moreover, there’s an emphasis on understanding the factors driving gold prices, which…

  • Gold Prices Forecast for 2024: Analyzing the Path Ahead Amidst Economic Shifts

    Reading Time: 3 minutes Introduction The landscape for gold (XAU/USD) in 2024 appears to be shaped by a confluence of factors—economic shifts, geopolitical tensions, and monetary policy changes—that might chart a unique trajectory for this precious metal. The gold market’s performance in 2023 stood as a testament to its resilience amidst global crises, hinting at…

  • Unraveling the Gold Fraud: A $40 Million Deception

    Reading Time: 3 minutes A recent $40 million gold bullion fraud case has culminated in the sentencing of two individuals to eight years in jail, marking a significant victory for the Australian Taxation Office (ATO) in unraveling a complex web of deceit. Cedric Adrian Millner and Jonatan Kelu, convicted for conspiring to dishonestly cause a…

  • Why the price of gold almost always go down during recessions?

    Reading Time: 5 minutes When analyzing the historical price movements of gold, a recurring observation emerges—gold often experiences significant dips during recessions. The current scenario at Costco, selling gold at these rates, could suggest a potential economic downturn on the horizon. It’s a speculative correlation, but if Costco is already in possession of this gold,…