412 days ago
Gold prices have advanced 8% so far this year. And call options volume for the SPDR Gold Trust has jumped recently, suggesting investors are taking more aggressive bets that gold will make a move on the upside.
422 days ago
Oil has plummeted amid fears of demand destruction and also piling inventories in the US. On the other hand, gold has rocketed higher as the dollar weakened amid the stress in the banking sector. Gold has also acted as a safe haven as investors rushed to buy gold and Treasuries amid the increasing uncertainty. Will the historic gap in their price performance recently close? Perhaps one may think so if market fears normalise, or perhaps not if traders' fears materialise in a larger banking crisis.
535 days ago
The value of gold is on the rise breaking the $1.750 an ounce threshold, this comes with the fact the US Federal reserve's most recent meeting indicated slower interest rate hikes.
564 days ago
Gold is moving higher on lower Treasury yields and a weaker dollar, which is known as one of the main drivers of gold. Gold bulls will be looking to next week’s Federal Reserve meeting for clues on whether the end of its aggressive monetary-tightening campaign is near. In the meantime, the chart of gold suggests bulls seeing the 1'700 level as their initial target.
649 days ago
Gold rose to the highest level since early July as investors are bracing for a cloudy outlook in growth and a stormy period in US-China relations with House Speaker Nancy Pelosi heading for Taiwan. The precious metal often benefits from bouts of geopolitical turbulence, and the Pelosi trip only adds to tailwinds.
