Bullion

Gold prices climbed above $3,380 per ounce Tuesday, reaching a new high as investors sought safe-haven assets amid escalating trade tensions. The precious metal gained $90 in Monday’s session before adding another $45 in early trading. What Happened: “Gold is up another $45 so far...

The price of gold continues its record run. Speculators are piling into the precious metal at a rate not seen since 2019. The price of gold futures dipped by 0.1% on Monday. But, a series of new record highs were struck last week. Over the five trading sessions of last week, gold added 4.3%...

Gold reaching record highs is more significant than Bitcoin’s (CRYPTO: BTC) performance, says Peter Schiff, emphasizing the precious metal’s recent rally and contrasting it with the cryptocurrency’s challenges. What Happened: Renowned economist and cryptocurrency critic Peter...

In a surprising move, Costco Wholesale Corporation (NASDAQ:COST) has made a successful venture into the gold market. According to a recent report by CNBC, the retail giant’s gold bars are selling out within hours of their availability. What Happened: CNBC reported on Tuesday that Costco has...

Otavio Costa, a portfolio manager at Crescat Capital, does not agree with the notion that gold has ceased to be a good hedge during bad times and believes the yellow metal is in the early stages of its re-emergence as a safe haven asset. Costa highlighted his disagreement citing a Bloomberg opinion...

Gold prices inched higher during the Asian trading session on Monday after an attempted coup by Wagner Group mercenaries against Russian President Vladimir Putin over the weekend, which increased demand for safe-haven assets. During Monday afternoon’s Asian...

After April consumer price inflation came in lower-than-expected on Wednesday, gold prices softened but continued to remain above the crucial $2,000 per ounce mark. Peter Schiff, chief economist and global strategist at Euro Pacific Capital, said the fall in the prices of yellow metal could be...

Gold prices trended cautiously on Monday as investors and traders braced for the release of the consumer price inflation data on Tuesday. Spot gold was trading 0.16% higher at $2,024.60 per ounce during Tuesday afternoon Asian trade. Ajay Kedia, director at Mumbai-based Kedia Commodities told...

Peter Schiff, chief economist and global strategist at Euro Pacific Capital, has highlighted the contrarian price movements in gold stocks and banking shares. "#Gold stocks are hitting new 52-week highs today as #bank stocks are hitting new 52-week lows. This is not the end of this rotation, but...

Gold continued its upward momentum over the $2,000 per ounce level during Tuesday morning Asian trade supported by a decline in the dollar and rising expectations that the Federal Reserve's aggressive monetary policy may be nearing its end. Spot gold was trading at $2,022 per ounce at the time of...

As the Federal Reserve is scheduled to announce its monetary policy amid the lingering banking crisis, analysts say gold prices have more potential to rise and possibly break all-time highs. Tina Teng from financial services company CMC Markets told CNBC she expects the yellow metal to trade...

With the Federal Reserve expected to slow down its pace of rate increases this year and eventually mark an end to the tightening cycle, analysts expect gold prices to shoot to record highs at over $2,000 an ounce. With markets expecting a relatively less hawkish policy and inflation...

Ahead of the release of U.S. inflation data on Thursday, which could drive the Federal Reserve's policy decisions, gold prices held steady after hitting an eight-month peak on Wednesday. Spot gold was steady at $1,883.95 per ounce at the time of writing. The SPDR Gold MiniShares Trust (NYSE:...

Ahead of the release of the Federal Reserve's December policy meeting minutes on Wednesday, gold prices hit a six-month high, albeit in thin trading. Spot gold was trading higher by 0.98% at $1,841.55 per ounce at the time of writing. The dollar index fell 0.1%, making greenback-...

After soaring past $1,700 an ounce on Tuesday, gold prices steadied as traders considered whether the U.S. Federal Reserve may tone down its hawkish stance post the release of weak economic data.  U.S. manufacturing activity slowed down in September, growing at its slowest...