Gold Market News
Gold prices climb as traders weigh path forward for rate cuts. Stocks slide as investors sift through latest earnings reports. Gold last traded at $2,661 an ounce. Silver at $31.49 an ounce.
October 15, 2024
3 reasons why gold could hit an all-time high in early 2025 - Indian Express--10.14.24
According to one asset management firm, gold prices will likely touch an unprecedented high in early 2025. According to one of the experts, "as central banks continue aggressive buying, the U.S. Federal Reserve cuts interest rates, and geopolitical tensions persist, the precious metal is primed for a bullish surge that could shatter previous records." 
Gold price pullback healthy, will serve as springboard for rally to $3,000 – Florian Grummes--10.14.24
The gold rally is currently on pause as market conditions suggest overly optimistic expectations from traders. According to one analyst, the pullback is a welcomed sight, and soon, it will serve as a springboard for the next upward movement.
The Gold Bull Cycle Has Just Begun - Zero Hedge--10.10.24
One expert believes the gold bull cycle has just begun at the beginning of this year and if this is the beginning of a fresh cycle, we may be in for another 7-plus years of precious metals outperforming stocks.
Why the ‘debasement trade’ lifting bitcoin and gold may continue, says JPMorgan - Market Watch--10.3.24
One JPMorgan team recently showed that gold has appreciated more than what would have been expected by changes in the inflation-adjusted 10-year yield. According to the team, "there is little doubt that the pace of central bank purchases is key to gauging the future trajectory for gold prices."
Gold holds steady as safe-haven demand counters stronger dollar - Reuters--10.3.24
Gold prices held steady on Thursday as safe-haven demand from escalating tensions in the Middle East offset pressure from a stronger dollar. Bullion is considered a safe investment during times of political and financial uncertainty due to its ability to store value.
Gold Is Just Getting Started - Zero Hedge--10.2.24
Gold prices are up almost 30% so far this year. This is the best year that gold has had since 1979. According to one expert, "the current Fed is cutting rates. It's going to cut more rates in 2025. So, gold is just getting started."
2 big reasons gold prices are set to surge 9% by early next year, according to Goldman Sachs - Markets Insider--10.2.24
Goldman Sachs predicts gold prices will hit $2,900 an ounce by early 2025. Falling interest rates and high demand from central banks in emerging markets will drive this rise as geopolitical tensions and economic uncertainties further support gold's appeal as a safe-haven asset.
'Go For Gold' - Goldman Sachs Raises Precious Metal Price Forecast Amid "Secret Buyers" - Zero Hedge--9.30.24
Precious metals analysts from Goldman Sachs have raised their gold price forecast from $2,700/oz to $2,900 for early 2025. Gold prices are being driven by central bank purchases and analysts believe that these structural purchases will remain elevated.
Record run steers gold to best quarter in four years - Reuters--9.30.24
Gold prices eased on Monday, taking a breather after a historic rally driven by U.S. monetary easing and heightened Middle East tensions, which put it on course for its best quarter since 2020. Gold has risen over 13% so far this quarter, which would be its best since early 2020.
