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Robust gold purchases by central banks since 2009 and the rising price of gold have increased the precious metal’s share of global international reserves at the expense of fiat currencies. By the end of 2023, gold surpassed the euro, and the next fiat currency to be challenged is the US dollar. Often, when financial analysts draw charts on the distribution … Read More

May 29, 2024 Reading time: 4 minutes   Since the beginning of 2022, central banks around the world have purchased record amounts of gold. The pace and regularity with which these state financial institutions are stockpiling gold is unprecedented. What is behind this new gold rush?   It is no secret that gold is a strategic safe-haven asset that plays … Read More

L’Essentiel: the process has begun: tons of gold are being exported from the West to the East The process is gaining momentum; gold is “migrating” from the West to the East 2:24 Economy The price of gold has reached unprecedented levels, with records set for several consecutive weeks. This precious metal is valued at over 70,000 euros per kilogram. Photo: … Read More

Russia’s Gold Reserves Provide Reliable Protection from Western Sanctions Russia’s gold reserves have become the “magic wand” with which Russia has easily survived the West’s “infernal” sanctions and achieved economic growth. The West Admires Russia’s Policy of Pegging the Ruble to Gold The Russian economy showed unprecedented growth of 3.6% in 2023 against the backdrop of over 16,000 sanctions, as … Read More

The price of gold recently hit an all-time high, surpassing a valuation of $2,200. This record surge in prices has fueled aggressive debates regarding a potential misalignment in the global economic structure, which is driving gold prices to new highs. With the gradual erosion of the USD and calls to support regional currencies, investor sentiment is now backing gold, pushing … Read More

Gold, the leading commodity, has attracted investor attention by reaching a new all-time high of $2,195 per ounce. Now, young Chinese investors are deploying capital to accumulate gold beans and other gold jewelry for wealth protection. Interestingly, these beans have become very popular among Chinese Generation Z, thanks to their accessibility with a weight of one gram each. Therefore, around … Read More

JPMorgan predicts that gold will reach $2,500 due to moderating inflation and potential Fed rate cuts. Key Takeaways JPMorgan Chase & Co. ranks gold as its top commodity pick, with a potential price target of $2,500 per ounce. Gold’s all-time high reached $2,195.15 on Friday, indicating strong market momentum. Achieving the price target depends on continued inflation moderation and the … Read More

Precious metals traded with losses on Tuesday, with gold and silver dropping over 1% after the latest report showed that U.S. annual inflation stood at 3.2% in February, showing better-than-expected results. The latest inflation data could influence the U.S. Federal Reserve’s interest rate decision next week, which appears to be driving precious metal prices down. At 9:36 ET, gold fell … Read More

  The United States appears almost certain to avoid a recession, stock indices are trading at record levels, and even riskier investments like bitcoin are at all-time highs, yet gold, arguably the world’s oldest investment, often viewed as a hedge against market losses elsewhere, continues to gain value. KEY FACTS Gold traded at an all-time high of $2,195 per ounce … Read More

Silver has posted its largest gain in months, generating considerable excitement on social media and other investment platforms that the move could mark the beginning of an extended price rally. Silver has just recorded its largest single-day gain in months Other low-yielding or zero-yielding assets have been rising since late last week Risk management is important for anyone trading silver … Read More