Gold Market News
Gold rallies on disappointing jobs report. Stocks jump on rate cut expectations. Gold last traded at $2,306 an ounce. Silver at $26.47 an ounce.
May 3, 2024
Gold prices see post-Fed pullback but uptrends remain intact – FXStreet’s Monfort - Kitco--5.2.24
According to one expert, spot gold "has fulfilled the minimum requirement for completing its bearish Measured Move price pattern" which indicates that prices could be ready to move higher and that gold's medium and long-term price trend is pointing higher. 
World Gold Council: Record Q1 Gold Price Driven by Demand Growth - Investing News Network--5.2.24
The World Gold Council has released its latest gold demand trends report which highlights several notable trends in gold during the first quarter of 2024. The report forecasts a positive outlook for the gold sector in 2024, driven by central banks and retail investment.
Goldman Sachs says gold’s bullish momentum remains even if the Fed maintains restrictive rates - Kitco--5.1.24
Gold prices have held critical support above $2,300 as markets look for the Fed to signal it will maintain its restrictive monetary status longer than expected. Despite recent selling pressure, Goldman Sachs is doubling down on its recent bullish call, saying that gold can maintain its bullish momentum even if the Fed delays its easing cycle.
Chinese Have "Grabbed Gold By The Throat" As Capital Flight Accelerates- Zero Hedge--4.24.24
The gold price rally is seeing support from unrelenting Chinese demand as retail shoppers, fund investors, futures traders and even the central bank look to bullion as a store of value in uncertain times.
Gold prices have another 29% upside as China's central bank continues its buying spree, famed economist says - Yahoo! Finance--4.23.24
According to one expert, gold prices are set to continue their record bull run to $3,000 per ounce. One of the main reasons for gold's price rise is the buying spree from China's central bank. The Fed's upcoming easing cycle should also give gold prices a boost.
Gold is ‘good money’ as a hedge against inflation and default risks, says billionaire investor Ray Dalio - Kitco--4.22.24
Billionaire investor Ray Dalio is raising doubts about the health of the U.S. dollar. In a recent interview, Dalio said he was holding gold as a hedge against a potential debt crisis and higher inflation. In his latest post, he said that gold is one of just a few examples of "good money" in the world.
Gold price down more than 2%, correction has just begun, but analysts see a buying opportunity - Kitco--4.22.24
Commodity analysts have been warning that gold's rally to record high created dangerously overbought market conditions. However, with solid fundamentals, analysts have said that any market correction should be seen as a buying opportunity.
Gold Prices Soar to Record High on Solid Central Bank Demand - Yahoo! Finance--4.18.24
Gold price hit another all-time high this week, driven by ongoing central bank gold buying and safe-haven inflows due to geopolitical tensions. In March, China's central bank added another 160,000 troy ounces to its reserves, marking its seventeenth consecutive month.
Gold Prices Can Keep Rallying, This Investing Pro Says. Here Are Her Picks. - Barron's--4.18.24
Gold has recently outshone far more modern assets and is up 15% so far this year and has gained 22% since the Fed began raising interest rates in March 2022.
Silver to see second-highest deficit in 20 years, as record industrial demand rises 9% in 2024 - Silver Institute’s World Silver Survey - Kitco--4.17.24
Silver prices remain well supported at elevated levels as demand continues to outweigh supply. Industrial demand continues to dominate the silver market and is expected to hit another record high this year.
