Google searches for the phrase “How To Trade Gold” are now back at the highest level seen in over a decade! This comes as no surprise, considering the current macroeconomic backdrop is fuelling a “perfect storm” for Gold – firmly positioning the precious metal as one of the best performing asset classes of 2024. Gold’s meteoric rise to
Rob Marsden, chief executive of Anglesey Mining, said the mine also contained deposits of silver and lead. He said: “Parys Mountain is demonstrably the largest and most advanced project for mining copper, gold, silver, lead and zinc in the UK. “The project is favourably located on a previously permitted development site with significant existing infrastructure
The price of gold hovers just below its all-time high, capturing the attention of investors as it again tests record levels. The idea of investing in gold can elicit a wide range of responses from people, from strong vitriol to deep praise. You have the gold bugs on one end, whose portfolios are dominated by
Gold has corrected back from chart resistance in the $2,470s after the release of strong US retail sales data. Lower US initial jobless claims brought more positive news about the US economy, helping to dispel recession fears. The precious metal is probably unfolding a leg down within a sideways trend. Gold (XAU/USD) swings between mild
Gold price trades flat around $2,455 in Friday’s early Asian session. US July Retail Sales beat expectations, rising 1.0% MoM; Initials Jobless Claims fell 7K to 227K last week. The escalating geopolitical risks in the Middle East might cap the Gold’s downside. Gold price (XAU/USD) flat lines near $2,455 during the early Asian session on
Gold price failed to build on the overnight positive move in the wake of the upbeat US data. Easing US recession fears boost investors’ confidence and contribute to capping the metal. Geopolitical risks and bets on an imminent start of the Fed’s rate-cutting cycle lend support. Gold price (XAU/USD) attracted some dip-buying near the $2,432
XAU/USD Current price: $2,457.30 Financial markets welcomed US data pushing away recession-related fears. Stock markets are rallying with optimism, with US indexes challenging fresh weekly highs. XAU/USD holds within familiar levels, buyers still take their chances on dips. Spot Gold trades with modest gains in the American afternoon, having experienced some early volatility. XAU/USD fell
Traditionally, a strong dollar and rising bond yields are not good for gold, which doesn’t have a yield of its own. Yet, the spot price of gold has been setting new all-time highs in recent months. On August 11, an ounce hit its latest record price of $2,475.72, up 20% from $2,063.75 at the end
India is the world’s second-biggest gold consumer after China 4 min read Last Updated : Aug 15 2024 | 2:29 PM IST India’s gold imports, which have a bearing on the country’s current account deficit (CAD), dipped by 4.23 per cent to $12.64 billion during April-July 2024-25 due to global economic uncertainties, according to
Chinese scientists have unveiled a novel method to produce pure gold that combines lightweight properties with remarkable strength. This innovative approach, developed by researchers at the Shenyang National Laboratory for Materials Science, involves forming uniformly small pores within the solid metal. The implications of this research could significantly impact the aerospace, automotive, and consumer electronics