Gold's Chart Tells a Bullish Tale, Yet Investor Confidence Remains ShakyGold’s price charts are exhibiting bullish trends, with prices not only maintaining above the long-term moving average but also marking the highest weekly closing prices in recent history. This pattern, featuring a series of reversals over the last 3.5 years all above the long-term moving average—which itself is on an upward trend—indicates strong bullish momentum. […] READ MORE Gold Set for a Great 2024, with Silver to Shine Even Brighter: UBS InsightsUBS predicts a bullish future for gold and silver in 2024, projecting gold to reach $2,200 per ounce by year-end, driven by anticipated U.S. Federal Reserve interest rate cuts. Joni Teves, UBS’s precious metals strategist, highlights a potential easing by the Fed and a consequent weaker dollar as key catalysts for gold’s rise. This expectation […] READ MORE Powell Warns ‘The US Is on an Unsustainable Fiscal Path’In a revealing “60 Minutes” interview, Federal Reserve Chair Jerome Powell highlighted the precarious fiscal trajectory of the United States, stating that the nation’s debt is expanding at a rate outpacing its economy, and it is unsustainable. The U.S. national debt reached a historic high of over $34 trillion in early January, escalating rapidly from […] READ MORE China's Economic Woes Lead to Record Gold Buying SpreeAs China grapples with economic slowdown, its significant pivot towards gold has notably influenced global demand, setting new records. The easing of pandemic restrictions has not alleviated the economic stress from a sluggish manufacturing sector, high debt levels, and a property market crisis. This shift has positioned the People’s Bank of China as the largest […] READ MORE Egypt's Bold Move: $1 Billion in Treasury Bills LaunchedThe Central Bank of Egypt has announced the launch of $1 billion in one-year treasury bills, aimed at attracting investors amid a landscape of rising global interest rates. This follows a successful auction in January, underscoring Egypt’s proactive approach to managing its fiscal responsibilities and attracting global investment. READ MORE Central Banks Warned to Stand Firm Against InflationThe OECD has issued a stark warning to central banks globally, urging them not to lower their guard against inflation despite some easing trends. It highlighted that it’s premature to conclude whether the aggressive rate hikes have effectively curbed inflationary pressures, with core inflation remaining stubbornly high in many countries. The OECD’s cautious stance comes […] READ MORE Green Bonds Gleam with Promise as Interest Rates Set to TumbleGlobal green bond sales are set to surge in 2024, buoyed by the anticipated fall in interest rates in the US and Europe. This favorable shift in the debt market is expected to enhance the appeal of green bonds, following a significant increase in sales in 2023. Europe led this growth, accounting for nearly half […] READ MORE Gold Retreats to Weekly Low amid Strong Job Data and Powell's CommentsGold prices fell to a one-week low, influenced by strong U.S. employment figures and comments from Federal Reserve Chair Jerome Powell, which diminished expectations of early interest rate cuts. The anticipation of a more robust economic stance pushed the dollar and bond yields up, affecting gold’s appeal. By midday GMT on Monday, spot gold had […] READ MORE Different Purities of Sovereign Gold CoinsThere are different levels of purity in gold investment. What is the best quality gold? How do you measure the purity of gold? Learn about it here. READ MORE « Previous 1 … 62 63 64 65 66 … 78 Next »
