Gold is the preeminent feel-good asset in times of economic distress—and paranoia. President Donald Trump loves gold. He uses it to adorn his properties. So it is perhaps fitting that gold is experiencing a tremendous bull run during his second term. The SPDR Gold Shares exchange-traded fund (ticker: GLD) is up about 28% this year,
Gold prices steadied on Wednesday (May 28) as global investors bought the dip after a sharp fall, but gains were capped by easing trade tensions between the US and EU. The market is now keenly awaiting the upcoming US Core Personal Consumption Expenditures (PCE) inflation data, a key gauge for future Federal Reserve rate decisions.
Gold, silver prices in your city, May 28: The commodity markets has seen prices slip amid a more steady international trade scenario, but despite the dips, experts note that gold and silver are safe haven investment options that can insulate your portfolios against the uncertain market forces. According to Manav Modi, Senior Analyst, Commodity Research
Marc Faber, a longtime investor who says his nickname is “Dr. Doom” (not to be confused with this Dr. Doom), has been buying gold for decades and telling other people to stock up for just as long. The gold bug regularly appears on videos extolling the metal’s virtues while sounding alarms about economic collapse. He’s eyeing a
The Oracle of Omaha, Warren Buffett, recently announced he will be stepping down as CEO of Berkshire Hathaway. He built a reputation as one of the sharpest minds in investing. Buffett’s folksy wisdom and knack for picking winners made him a household name. But when it comes to gold, Buffett maintains a stubborn bias against
Despite high prices pressuring demand, Indian gold imports remained resilient in April. India ranks as the world’s second-largest gold market behind China. India imported $3.1 billion in gold in April, according to Ministry of Commerce data. That was significantly lower than March, but above the January-February average and 5 percent higher than April 2024. Based on
XAU/USD Current price: $3,297.13 A better market mood put pressure on the bright metal on Tuesday. The United States will release the FOMC meeting Minutes on Wednesday. XAU/USD pressures a near-term key support area, could resume its advance. Spot Gold fell on Tuesday, piercing the $3,300 level during European trading hours and remaining soft after
XAU/USD drops below $3,300 as Trump’s EU tariff pause boosts sentiment and US Dollar. Trump delays 50% EU tariffs to July 9, improving market mood and weighing on safe-haven demand. DXY surges 0.62% to 99.54, driven by four-year high in US Consumer Confidence. Gold prices posted losses of nearly 2%, falling below the $3,300 figure,
Gold continues to trade within a well-defined descending channel, and the current price action has provided compelling structural patterns that align with Elliott Wave Theory. Traders and analysts are watching closely as the market presents two possible scenarios — both rich with opportunity but offering different short-term expectations. Below is a detailed breakdown of the
Gold prices fell in Philippines on Tuesday, according to data compiled by FXStreet. The price for Gold stood at 5,942.70 Philippine Pesos (PHP) per gram, down compared with the PHP 5,961.86 it cost on Monday. The price for Gold decreased to PHP 69,315.67 per tola from PHP 69,537.91 per tola a day earlier. Unit measure