Tag: gold price

  • Why gold is expected to keep hitting record highs by ABC News (Australia).

    Reading Time: 2 minutes This stockpile of dirt might not look like much, but the value within it is substantial, reaching hundreds of millions of dollars. Extracted from deep underground, the valuable material undergoes a series of processes to extract its precious components, which are then refined into bars. Everyone keeps an eye on it.…

  • Are you buying gold bullion at this high price?

    Reading Time: 2 minutes Retain all data. Research the historical price of gold from 1970 to 1978 and analyze the patterns. Inflation and elevated interest rates are anticipated to propel the value of gold even higher in the foreseeable future. Currently, the price of gold bullion remains relatively moderate. What alternatives have you contemplated? Generally,…

  • India’s March Gold Imports Expected to Plummet by 90% Amid Price Surge.

    Reading Time: 3 minutes Summary: India’s gold imports are projected to plummet by more than 90% in March, marking the lowest levels since the COVID-19 pandemic began. This decline is attributed to banks reducing imports following a surge in gold prices, dampening demand. The decrease in imports may help narrow India’s trade deficit and support…

  • When Could Gold Hit $3000? In 2024 or later??

    Reading Time: 3 minutes Summary: Gold has been on a remarkable rally, hitting new all-time highs while other commodities falter. Central banks are stacking up gold at record pace, signaling a significant shift in the global market dynamics. Could gold reach $3,000 per ounce? Citi analysts suggest it’s possible, citing three key triggers: aggressive central…

  • Gold Prices Decline Amidst Market Volatility and Fed Meeting Anticipation.

    Reading Time: 3 minutes Summary: Gold prices dipped in Asian trade amidst market uncertainty and anticipation surrounding the Federal Reserve meeting. This decline was accompanied by a slowdown in the rally of industrial metals and middling Chinese economic data. Analysts project short-term price declines but maintain a bullish outlook for gold in the long term.…

  • Gold demand reached its peak in 2023, as indicated by the latest data from the World Gold Council.

    Reading Time: 2 minutes In 2023, gold demand surged to unprecedented levels, primarily fueled by persistent geopolitical tensions and China’s economic vulnerabilities. The World Gold Council reported a total of 4,899 tons in gold transactions last year, compared to 4,741 tons in 2022, encompassing both over-the-counter (OTC) deals and stock flows reflecting changes in commodity…