Gold Market News
Gold prices see sharp gains, stocks jump; as investors weigh in on fresh U.S. inflation data. Gold last traded at $2,387 an ounce. Silver at $27.91 an ounce.
July 26, 2024
Paris Olympics ‘gold’ medals contain only six grams of gold - Kitco--7.26.24
The 2024 Summer Games in Paris is here and so are the unique medals that come with it. Each gold medal only contains six grams of actual gold bullion but the medals this year will have an original piece of the Eiffel Tower. 
African Countries Are Turning To Gold - Zero Hedge--7.26.24
A growing number of African countries are turning to gold to hedge geopolitical risk and protect against currency losses. Rising inflation, escalating debt levels and geopolitcal tensions are all reasons for the growing attraction to gold, as well as concerns surrounding America's weaponization of the dollar.
Gold: A Winning Investment In An Uncertain World - Zero Hedge--7.25.24
Physical gold protects many investors against the erosion of the currency's purchasing power without extreme volatility. The rising purchase of gold by central banks is an essential factor justifying the recent increase in demand for the precious metal.
Gold price to hit $2,500 and silver price to hit $32 by end of Q3 - Sucden Financial - Kitco--7.25.24
One commodity brokerage firm is expecting gold prices to push above $2,500 an ounce by the end of the third quarter. It is also expected that silver prices will appreciate as well by the end of the quarter.
Morgan Stanley sees gold prices rising over $2,600 by Q4 - Investing.com--7.19.24
According to Morgan Stanley commodity strategists, gold's recent surge is driven primarily by the physical market, with central bank purchases doubling in 2022 and 2023 compared to previous trends. While the recent rally has been driven by physical factors, strategists argue that financial flows will drive the next leg higher and gold prices could reach $2,650/oz by Q4 2024.
Yen-gold correlation is back, and rising JPY could boost gold prices as rates fall – CMC Markets’ Oldenburger - Kitco--7.19.24
The correlation between the Japanese Yen and the price of gold is back, and a rising yen could be very positive for the yellow metal. “If last week's trends – driven by lower CPI and expectations of a Fed rate cut – continue, the yen could rise with gold prices towards all-time highs," says one market expert.
The top gold strategist at $4.3 trillion State Street shares 3 reasons why gold could reach $2,700 by year-end — and how he invests in the metal - Business Insider--7.15.24
One expert believes now is the perfect time to buy gold. Rate cuts, dollar depreciation, and geopolitical tensions all make gold a valuable protective addition to a portfolio. The possibility of a rate cut in the next six months has been looming over the economy, which should boost the price of the yellow metal.
Bullish charts boost gold as Powell talks - Kitco--7.15.24
Gold prices are solidly higher and hit a seven-week high on Monday. Overall bullish technical charts have become friendlier lately and is prompting more investors to the long side of the yellow metal.
Gold headed for third straight weekly gain, new ATH within reach by year-end – FX Empire’s Hyerczyk - Kitco--7.12.24
Gold prices are heading for its third straight week of gains as an improving U.S. inflation picture boosts expectations for a Fed rate cut in September. One expert says the short-term outlook for gold remains bullish and gold could "potentially set new record highs before the year's end."
