Gold Market News
Gold prices jump as traders digest latest batch of U.S. economic reports. Stocks lower as Wall Street awaits Fed rate decision. Gold last traded at $2,322 an ounce. Silver at $26.72 an ounce.
May 1, 2024
Goldman Sachs says gold’s bullish momentum remains even if the Fed maintains restrictive rates - Kitco--5.1.24
Gold prices have held critical support above $2,300 as markets look for the Fed to signal it will maintain its restrictive monetary status longer than expected. Despite recent selling pressure, Goldman Sachs is doubling down on its recent bullish call, saying that gold can maintain its bullish momentum even if the Fed delays its easing cycle. 
Chinese Have "Grabbed Gold By The Throat" As Capital Flight Accelerates- Zero Hedge--4.24.24
The gold price rally is seeing support from unrelenting Chinese demand as retail shoppers, fund investors, futures traders and even the central bank look to bullion as a store of value in uncertain times.
Gold prices have another 29% upside as China's central bank continues its buying spree, famed economist says - Yahoo! Finance--4.23.24
According to one expert, gold prices are set to continue their record bull run to $3,000 per ounce. One of the main reasons for gold's price rise is the buying spree from China's central bank. The Fed's upcoming easing cycle should also give gold prices a boost.
Gold is ‘good money’ as a hedge against inflation and default risks, says billionaire investor Ray Dalio - Kitco--4.22.24
Billionaire investor Ray Dalio is raising doubts about the health of the U.S. dollar. In a recent interview, Dalio said he was holding gold as a hedge against a potential debt crisis and higher inflation. In his latest post, he said that gold is one of just a few examples of "good money" in the world.
Gold price down more than 2%, correction has just begun, but analysts see a buying opportunity - Kitco--4.22.24
Commodity analysts have been warning that gold's rally to record high created dangerously overbought market conditions. However, with solid fundamentals, analysts have said that any market correction should be seen as a buying opportunity.
Gold Prices Soar to Record High on Solid Central Bank Demand - Yahoo! Finance--4.18.24
Gold price hit another all-time high this week, driven by ongoing central bank gold buying and safe-haven inflows due to geopolitical tensions. In March, China's central bank added another 160,000 troy ounces to its reserves, marking its seventeenth consecutive month.
Gold Prices Can Keep Rallying, This Investing Pro Says. Here Are Her Picks. - Barron's--4.18.24
Gold has recently outshone far more modern assets and is up 15% so far this year and has gained 22% since the Fed began raising interest rates in March 2022.
Silver to see second-highest deficit in 20 years, as record industrial demand rises 9% in 2024 - Silver Institute’s World Silver Survey - Kitco--4.17.24
Silver prices remain well supported at elevated levels as demand continues to outweigh supply. Industrial demand continues to dominate the silver market and is expected to hit another record high this year.
Gold has been hitting record highs — why there's a bullish case for silver too - Yahoo! Finance--4.17.24
Gold's recent breakout to record highs has investors optimistic about silver as well. Silver is up roughly 23% over the past two months and the use of silver in industrial applications hit a new high in 2023 for a third consecutive year.
The Important Reason Why Gold Prices Are Rising- Watcher.Guru--4.11.24
Gold prices are attracting heavy bullish sentiment and has become the most sought-after asset in the markets. It is now the top-performing asset in the commodity market. Estimates indicate that gold could also reach $2,500 this month experiencing a surge of 6% in the next few weeks.
