4/23/2024 Gold drops more than 2% to one-week low as Middle East worries ebb (CNBC) “Some risk of an imminent retaliation in the Middle East has been removed, which has attracted some selling activity in gold. But the question is how much scope there is to the downside” PRECIOUS APPRAISAL (Heraeus) Yesterday’s bad news is today’s good news for the gold price Gold Price Suffers Biggest Daily Loss In 2 Years (Forbes) Gold prices now sit almost 4% below their all-time high of over $2,400 achieved earlier this month The post Links to today’s top gold news and opinion first appeared on Today's top ..read more

4/22/2024 GOLD – We need to talk about China… (Metals Daily) Chinese people like to gamble … on stilts, with a very tall hat. Umicore launches Nexyclus, a unique guarantee for fully recycled precious metals, including PGMs (Umicore) Customers can choose between three recycled content offerings and chain of custody certifications. How Canadian Gun Smugglers Pulled Off the Biggest Gold Heist in Years (WSJ) A man driving a truck pulled up at Toronto’s airport with fake documents and drove off with $14.5 million in gold bars. The post Links to today’s top gold news and opinion first appeared on T ..read more

4/19/2024 Gold’s Mystery Buyer … ? (Metals Daily) I think we may have found our smoking gun.. World Silver Survey 2024 (Silver Institute) For yet another year and the third in a row now, silver demand massively exceeded supply in 2023 Mystery gold buyer is betting on geopolitical and financial mayhem (WA Today) “They buy on the London benchmark and they don’t chase the price” The post Links to today’s top gold news and opinion first appeared on Today's top gold news and opinion ..read more

4/18/2024 Hedge funds and commodities traders urged to hold more liquid assets (FT) Financial Stability Board highlights need for capacity to meet margin calls in case of market shocks. New York Fed Says Quantitative Tightening Could Stop in 2025 (Bloomberg) Projections show reserves dropping to around $2.5-$3 trillion. China’s Punishment for People With Bad Debts: No Fast Trains or Nice Hotels (WSJ) Beijing’s crackdown on millions of delinquent debtors makes catching up on unpaid bills a slog. The post Links to today’s top gold news and opinion first appeared on Today's top gold news and opi ..read more

4/15/2024 New Sanctions on Russia to Drive Even More Metals Sales to China (Bloomberg) Shanghai becomes the only major bourse to accept Russian metal China’s gold markets under strain as horde of new buyers hunts for stable investment (SCMP) Standing out as one of the few bets considered safe in China at present – with stocks, property and banking having lost their lustre in an environment of heightened uncertainty. Gold Climbs Toward Record After Iran’s Strike Against Israel (Bloomberg) Bullion has risen almost 20% since the middle of February. The post Links to today’s top gold news and opi ..read more

4/12/2024 What Does the Gold Price Breakout Mean? (Sprott) 75% of investment advisors have less than 1% exposure to gold From Transitory to Debasement (Bytetree) Asset allocators have been selling gold to the tune of 12 million ounces in 12 months… Record-breaking gold highlights silver and platinum’s potential (Saxo) The fear of missing out has created a strong buy-on-dip mentality among precious metal traders and investors. The post Links to today’s top gold news and opinion first appeared on Today's top gold news and opinion ..read more

4/11/2024 Why Gold Prices Continue to Break Records (Bloomberg) HSBC Chief Commodities Analyst James Steel discusses the gold market’s latest surge, particularly in China and India. WisdomTree Gold Monthly (Wisdomtree) Gold remains highly sensitive to rate cut probabilities… Markets slash rate cut bets after US inflation rises to 3.5% (FT) Figures for consumer prices and core inflation exceed expectations. The post Links to today’s top gold news and opinion first appeared on Today's top gold news and opinion ..read more

4/10/2024 Silver may be even more exciting than the gold rally, says BNP Paribas Wealth Management (CNBC) Edmund Shing, chief investment officer at BNP Paribas Wealth Management, discusses the outlook for gold and silver prices. Gold Ignores Negative News: Bulls Overexuberant? (Investing) Signals of a strong economy and inflation – highlight gold’s property of retaining value. ‘Gold Could Rush All The Way To $3000/Oz With Silver Following (Forbes) CITI said the prospect of lower interest rates, combined with flat demand for alternatives, geopolitical hedging, and financial buying to catch up w ..read more

4/9/2024 The gold market hunts for answers behind bullion’s sudden surge (Yahoo) Chinese consumers are worried about wilting returns in other assets and a depreciating currency. Gold to surge to $2500, UBS predicts (Proactive Investors) The “usual” ETF buyers have even remained net sellers. ‘They can’t get it wrong again’: Economists are increasingly uncertain about Fed rate cuts this year (CNBC) The U.S. Federal Reserve is determined not to reduce interest rates too soon — and some economists say recent data has pushed a summer cut completely off the table. The post Links to today’s top gold ..read more

4/5/2024 Zimbabwe to launch ‘gold-backed’ currency to replace collapsing dollar (FT) Many in the southern African country prefer to keep their money at home.. With palladium oversold and platinum’s attractive fundamentals, both metals have upside (CME Group) The fall in the palladium price has closed the differential with platinum, with the sister metals now priced near parity for the first time since 2018. Einhorn Bets Big on Gold Amid Inflation, Eyes Value Stocks (Super News) David Einhorn warns inflation may be reaccelerating, doubting the Federal Reserve will cut rates more than twice this ..read more