According to new data from the World Gold Council, the value of gold held by foreign central banks is now approaching the $4 trillion mark, more than their approximate $3.9 trillion holding in US ...
Spot gold spiked as much as 2% to a record $4,887.19 per ounce before paring some gains. This marks the first time ever that ...
Spot gold surged nearly 2% to a record $4,690.79 per ounce, while spot silver set a new peak of $94.10 per ounce.
However, for the entire year, it expects gold to trade within a wide range that could go as low as $3,950 per ounce.
Gold is “basically an anti-fiat currency play now more than anything else,” said Mike Wilson, chief investment officer and ...
Spot gold traded as high as $4,497.55, while silver climbed to a record peak of $69.98, extending hefty gains this year. “With precious metals making record prices so late in th ...
Gold continued its record-setting rally, surpassing the $4,000 level for the first time on Wednesday, as broader geopolitical and economic uncertainty firmed investor demand for the safe-haven metal.
Copper and gold prices are poised to soar over the next decade as usage continues to climb, the world’s largest mining conference heard. After modest copper surpluses this year and next, global demand ...
The gold miners’ stock prices have largely decoupled from their metal, which overwhelmingly drives their profits. This fundamental disconnect has spawned a shocking valuation anomaly, with gold stocks ...
Investors are exiting exchange-traded funds that track the shares of gold-mining companies, a sign that the high-flying sector’s allure may be dimming even as prices for the precious metal remain ...