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gold prices
12/08/2023
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By Kevin Hughes
Mario Innecco: RISING gold prices spell TROUBLE for the dollar and other fiat currencies
The rising prices of gold mean that the dollar and other fiat currencies are going down, according to financial commentator Mario Innecco. “Yes, it’s a good thing for stackers when the prices of gold and silver go up in dollars,” he told “Liberty and Finance” host Elijah K. Johnson on Dec. 5. “But the other […]
10/10/2023
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By Arsenio Toledo
Israel-Palestine war causes GOLD PRICES to RALLY as demand for safe haven investment increases amid chaos
Gold prices are trading significantly higher in the United States following the renewed outbreak of conflict between Israel and Palestine, as more investors are looking for safe havens to protect from other unexpected major geopolitical shocks that could shake the global economy. Israel has declared war on the pro-Palestinian Islamic fundamentalist terrorist group Hamas and […]
07/28/2023
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By Arsenio Toledo
BRICS bloc’s proposed gold-backed currency could spell an END to the US dollar
The BRICS bloc of developing nations wants to create a common currency backed by gold. If the organization pushes through with this, it could spell the end for the United States dollar. This is according to multiple experts who warn that BRICS’ proposal to leverage the power of gold could end with these five nations […]
05/25/2023
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By Arsenio Toledo
Copper-gold price ratio indicates unhealthy economy, raising possibility of RECESSION
More signs of a coming recession are appearing in the precious metals market as the copper-gold price ratio indicates that the United States has a very unhealthy economy. The copper-gold ratio is regularly used as a financial indicator by institutional asset managers to gauge the overall health of the economy, investor sentiment regarding the market and […]
03/07/2023
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By Belle Carter
WGC report: Central banks extend gold buying streak in preparation for currency uncertainty
The World Gold Council (WGC) reported on March 2 that central bank demand for gold picked up from where it left off in 2022. According to the WGC, there had been an addition of 31 tonnes to the global gold reserves in January. The total, which represents a 16 percent monthly increase, fell comfortably within the 20-to-60-tonne […]
01/23/2023
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By Roy Green
Gold price jumps to 8-month high, eventually settles above $1,900 level
Gold prices vaulted to their highest in eight months on Jan. 17 before settling at the $1,900 level. This followed the U.S. dollar tumbling and inflation slowing down, raising hopes of lower interest rate hikes from the Federal Reserve. The U.S. gold futures contract reached $1,931.80, the yellow metal’s highest since hitting $1,935.50 on April […]
01/06/2023
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By Belle Carter
Gold prices soar to 6-month high, widely expected to go higher in coming months
Prices of gold soared to a six-month high in the early hours of Tuesday, Jan. 3, according to trading data. CNBC reported that the precious metal’s cost peaked just below $1,850 per troy ounce before easing off to trade around $1,838. U.S. gold futures were up one percent at $1,844.10. Analysts believe the rally will continue throughout the year. The news portal also cited […]
10/28/2021
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By Ramon Tomey
Gold prices projected to hit $3K per ounce within a few months – analyst
Market experts have predicted that gold prices will hit the $3,000 mark within a few months. The prediction comes as prices of gold remain stable while prices of other metals soar to highest levels in years. With the projected price hike, gold is set to be impacted by inflationary pressure. Bloomberg reports that two mining bigwigs […]
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