Gold Market

Gold Peaks at $2,328.7: Drivers & Future Projections

Quick Look Gold price hit a record USD2,328.70/oz, driven by central bank acquisitions and tech demand. Macroeconomic issues and geopolitical tensions underscore gold’s safe-haven status. Forecasts suggest a potential rise to USD 3,000/oz amid current economic trends. Depending on economic outcomes, scenarios range from a 10% to 15% price increase. Investment strategies recommend overweighting gold …

Gold Peaks at $2,328.7: Drivers & Future Projections Read More »

Gold’s Glimmer: India’s Price Surge & Global Economic Pulse

Quick Look: Gold prices in India saw an uptick on Thursday, marking a significant increase. Global markets reacted to the Federal Reserve’s projections, influencing gold prices. Upcoming US inflation data holds the potential to sway gold investment decisions further. In the realm of commodities, gold continues to hold its ground as a beacon of value …

Gold’s Glimmer: India’s Price Surge & Global Economic Pulse Read More »

Gold futures

Surge in Gold Prices Amid Geopolitical Tensions

Quick look Gold reached an all-time high of $2,164.78/oz, driven by rate cut expectations and geopolitical tensions. Federal Reserve’s policies and China’s economic concerns significantly influence the gold market. Central banks, particularly China’s, have increased their gold reserves, with significant purchases reported. Despite high interest in physical gold, gold ETFs see continued outflows, indicating varied …

Surge in Gold Prices Amid Geopolitical Tensions Read More »

Oil prices remain steady

Libya Tightens Oil Supplies, Causing Oil Prices to Go Up

As Libya tightened supplies before the OPEC+ meeting, Monday, oil prices rose in early Asian trading. Meanwhile, COVID-19 continues to spread, and concerns about declining fuel demand have also limited the growth of black liquid. As of 8:59 pm Eastern Time, Brent crude oil futures rose 0.40% to US$78.17, and WTI futures rose 0.55% to US$75.62. Less …

Libya Tightens Oil Supplies, Causing Oil Prices to Go Up Read More »

10 gram 22-carat, gold

Gold Futures Edge Higher as The Dollar Remains Stable

Gold futures edged higher on Thursday as the dollar remained stable and bond yields edged lower, offering some support for precious metals. So far this week, Gold has generally traded sideways. Analysts say investors are waiting for the U.S. August jobs report on Friday to determine the Federal Reserve’s and bullion’s next steps. In a daily research …

Gold Futures Edge Higher as The Dollar Remains Stable Read More »