Gold Market News
Gold rockets above $2400 as commodities shine. Stocks little changed. Gold last traded at $2,411 an ounce. Silver at $30.94 an ounce.
May 17, 2024
Precious metals prices projected to rise 8% in 2024, with gold leading the charge – World Bank - Kitco--5.16.24
Gold prices will continue to rise, with geopolitical and emerging market demand providing upside risk. The World Bank's precious metals price index climbed 9 percent in April 2024, continuing its upward trajectory from the first quarter. 
$27,000 Gold - Zero Hedge--5.16.24
One expert is calling for $27,000 gold by 2026. Central bankers may return to gold not because they want to, but because they must in order to restore order to the global monetary system.
Gold is back in the hunt for $2400 - Forex Live--5.15.24
Today's U.S. CPI report cracked the door open to Fed rate cuts once again and led to a broad round of U.S. dollar selling. This has led to gains for gold which has now found a footing with the help of the Fed, Asian buyers and softer inflation.
Gold price rallies following cooler U.S. CPI print - Kitco--5.15.24
Gold and silver prices are solidly higher following a U.S. inflation report that came in a bit cooler than expected. After the report was released, gold prices hit a three-week high. Technically, the gold bulls have the firm overall near-term technical advantage.
The US dollar has become so weaponized that central banks are snapping up politically-neutral gold - Yahoo! News--5.14.24
Gold prices are reaching record highs because of strong buying by central banks as central banks are favoring gold as a politically neutral, safe asset, insulated from sanctions. Many banks in countries aligned with China are diversifying their assets away from the U.S. dollar and into gold.
Gold, silver see gains following mixed U.S. inflation data - Kitco--5.14.24
Gold and silver prices are firmer on Tuesday following a U.S. inflation report that saw hot headline numbers. Fed Chair Jerome Powell said inflation has been higher for longer than the Fed had expected and it looks like it will take longer for the Fed to become confident that inflation is coming down to 2% annually.
Here’s Why Gold Prices Will Reach $3,000 In 2024 - FX Empire--5.11.24
As gold prices continue their upward momentum, analysts at GSC Commodity Intelligence are calling this the beginning of a "New Era" for the precious metal. An ever growing cocktail of bullish macro tailwinds has driven gold prices to all-time highs and the rally might not stop there.
U.S. Millionaire Says Gold Prices ‘Will Go Very High’ - Watcher.Guru--5.9.24
Millionaire and veteran investor Jim Rogers is predicting that gold prices "will go very high" next. The commodity is attracting buying pressure from retail investors, institutional funds, and central banks of developing countries.
People in Korea are buying gold from vending machines and convenience stores amid 2024's frenzy for the precious metal - Markets Insider--5.8.24
Korea's convenience stores and vending machines are selling gold, with younger people flocking to buy. Appetite for gold has surged as the metal touches record highs in 2024.
Gold’s uptrend remains intact, but prices face short-term resistance - Analysts - Kitco--5.6.24
Analysts are looking at the dollar and technical indicators to gauge the likely direction of gold prices. According to one expert, the technical picture shows that gold is still very much in an uptrend.
