Gold Breaks $2,700: A New Era Begins
Published: Friday, 18 October 2024 04:23 | 
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With political tensions rising and inflation easing is this rally sustainable? Find out what’s next for gold.
Debt Concerns Fuel Gold's Rise as Treasury Bond Alternative
Published: Friday, 18 October 2024 11:16 | |
| As gold prices continue to rise, Bank of America analysts propose that it might become a safer investment option than Treasury bonds. This shift is attributed to increasing U.S. debt levels, potential post-election spending increases, and global economic challenges. While Treasury bonds have long been considered a safe haven, growing concerns about government borrowing could lead investors to view gold as the ultimate safe asset, potentially driving its price to $3,000 per ounce.
Central Banks' Dilemma: Celebrating Too Soon on Inflation?
Published: Friday, 18 October 2024 10:06 | |
| While inflation has decreased in many developed countries, approaching central banks' 2% targets, experts warn against premature celebration. Historical examples, like the 1970s U.S. inflation resurgence, demonstrate that inflation can unexpectedly return after periods of apparent stability. Factors such as monetary policy changes, political pressures, and external shocks can quickly reignite inflationary pressures, suggesting caution is warranted in declaring victory over inflation.
Precious Metal Breaks Records: Gold Futures Reach New Peak
Published: Friday, 18 October 2024 09:54 | |
| Gold futures have reached a new record high, surpassing $2,729 per troy ounce on the New York Mercantile Exchange. The precious metal's price has increased by over 3% in the past week, driven by geopolitical tensions and economic uncertainty. Experts predict further gains, citing factors such as the weakening US dollar and global demand for a stable store of value.
Gold Shatters $2,700 Ceiling as Global Tensions Fuel Safe-Haven Rush
Published: Friday, 18 October 2024 09:46 | |
| Gold prices surged past $2,700 per ounce for the first time, driven by safe-haven demand amid geopolitical tensions and expectations of monetary policy easing. The precious metal's rally is fueled by uncertainty surrounding the U.S. presidential elections and ongoing conflicts in the Middle East, with analysts noting strong speculative interest from Asian markets.