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Gold prices today

Gold price history for 2022.

The average price of gold in the first quarter of 2022 was estimated to be around $2,082 per ounce, with record high of $2,272 per ounce in January 2022. Perhaps the most surprising development in the gold market in 2022 has been the level of demand from central banks. At the…Continue readingGold price history for 2022.

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Gold prices today

Gold at $ 3,000 in 2023, a shock forecast from Saxo Bank.

Saxo Bank predicts that gold prices could reach $3,000 next year, among its ten shock forecasts. But hold on. It is not his official forecasts. Each year, Saxo study the most unlikely events for the next twelve months. But sometimes, one or the other of his shock predictions really…Continue readingGold at $ 3,000 in 2023, a shock forecast from Saxo Bank.

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Gold prices today

How Gold Could Severely Correct Soon.

To summarize, the “positive” unemployment numbers are making the Fed and other investors change their outlook on the US economy at least a little. If the “good news” continues — and we highly are skeptical of this — then inflation will likely become a larger concern to the Fed…Continue readingHow Gold Could Severely Correct Soon.

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Gold prices today

Gold Prices Higher as central Banks increase reserves.

For the first time in three weeks, central banks increased their gold bullion reserves, while hedge funds strengthened bets that a rally would occur. Comex futures prices reached a two-week high on Thursday, ending the U.S. trading day on a positive note. Activity was characterized by bargain purchases and covering short…Continue readingGold Prices Higher as central Banks increase reserves.

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Gold prices today

Why Gold Prices Just Fell amid inflation.

Gold prices just fell like a rock this ultimate month — from $2050 in march to $1753 today. Something like $300 so far, and they’re still falling. This isn’t enough to ruin the market, but it’s enough that I’ve already been receiving emails from people asking what’s happening. On…Continue readingWhy Gold Prices Just Fell amid inflation.

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Gold prices today

Why Gold Price Predictions Are Usually Wrong.

I won’t ever predict exactly where I think gold is going to be in the next month, year, or decade. The reason I won’t provide such forecasts is fairly simple — economics isn’t an exact science, and all predictions should be taken with a grain of salt, a calming breath, and…Continue readingWhy Gold Price Predictions Are Usually Wrong.