Gold prices could hit record highs of over US$4,900 next year: forecasts
Several major banks forecast that gold prices will shake off a recent correction and hit an all-time high next year, with ongoing strong demand from central banks and anticipated US Federal Reserve rate cuts likely to buoy the market.
JP Morgan, Goldman Sachs Predict Fed Will Cut Rates In December - SPDR S&P 500 ( ARCA:SPY )
JP Morgan and Goldman Sachs have realigned their interest rate outlooks, now forecasting that the Federal Reserve will deliver a quarter-point cut after its Dec. 9-10 meeting. JP Morgan, reversing its earlier prediction of a pause until January, cited recent comments from central bank officials ...
Tether's 116-ton gold hoard rivals reserves of Korea and Hungary: Jefferies
Tether accounted for almost 2% of global gold demand last quarter, with Jefferies noting that its aggressive buying may be influencing short-term market sentiment.
Gold Is Crushing the S&P 500, the Nasdaq, and Even Nvidia This Year. Here's a Simple Way to Own It.
Gold is benefiting from the perfect cocktail of economic and political issues.
iShares Gold Trust ( IAU ) vs iShares Silver Trust ( SLV ) : Which ETF Is a Better Investment?
The key differences between iShares Silver Trust ( NYSEMKT:SLV ) and iShares Gold Trust ( NYSEMKT:IAU ) are cost, recent performance, and risk profile, with SLV carrying a higher expense ratio and more volatility, while IAU is larger and more affordable.The BlackRock-run funds are designed to ...
Gold Under Pressure as Rate-Cut Hopes Fade: Time to Buy the Dip?
Gold???s pullback amid fading rate-cut hopes may be a buying chance as central-bank demand stays strong. ETFs GLD, IAU, IAUM could shine if the bull trend resumes.
ING Bank Śląski takes full control of Goldman Sachs TFI by acquiring remaining 55% stake
ING announced today that ING Bank Śląski has reached an agreement with Goldman Sachs on the full acquisition of the Polish asset management company Goldman Sachs TFI. ING already owns 45% of the company and with acquiring the remaining 55% stake it brings its ownership to 100%.
ING Bank Śląski takes full control of Goldman Sachs TFI by acquiring remaining 55% stake
ING announced today that ING Bank Śląski has reached an agreement with Goldman Sachs on the full acquisition of the Polish asset management company Goldman Sachs TFI. ING already owns 45% of the company and with acquiring the remaining 55% stake it brings its ownership to 100%.
Gold Doubled to $4,000, Mining Valuations Didn't: 3 Top Stocks To Consider - Barrick Mining ( NYSE:B ) , Agnico Eagle Mines ( NYSE:AEM )
If you only looked at price charts, you'd think everyone loves gold miners right now. GDX doubled. GDXJ doubled. Spot gold broke above $4,000, capping a year of record-setting gains. And while miners climbed 115%, roughly $5 billion walked out of mining ETFs. The biggest outflows happened in ...
Bitcoin vs Gold: Who Wins the Christmas Rally?
Bitcoin and gold often display a recurring pattern during the Christmas rally. Their movements are shaped by Federal Reserve policy, inflation trends and overall market liquidity.