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fromLondon Business News | Londonlovesbusiness.com
2 months agoBusiness
Gold smashes another record: analysts revise forecasts again - London Business News | Londonlovesbusiness.com
Gold is up 50% and silver nearly 70% year-to-date as dollar weakness, central bank gold buying, easing Fed policy, and geopolitical risks drive demand.
fromLondon Business News | Londonlovesbusiness.com
2 months agoUS news
Gold enters a corrective phase to rebalance - London Business News | Londonlovesbusiness.com
Profit-taking and a stronger USD from better U.S. macro data press gold near-term, while central bank purchases and ETF inflows support structural demand.
fromLondon Business News | Londonlovesbusiness.com
1 month agoGold nears $4,000, set for second weekly decline - London Business News | Londonlovesbusiness.com
Gold traded near USD 4,000 per ounce on Friday, heading for a second consecutive weekly decline. This week's cautious tone from the US central bank could weigh on gold. While the Federal Reserve cut its interest rates by 25 basis points, Chair Jerome Powell signalled that there was no guarantee of further easing in December. On the geopolitical front, the newly announced trade truce between Washington and Beijing eased global tensions but also reduced immediate safe-haven flows.
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