Goldman Sachs said surging private investor demand and strong ETF inflows could push gold prices well beyond its current forecast, with the metal already nearing $3,900 amid renewed safe-haven buying.
The market value of the United States’ vast gold reserves topped $1 trillion mark for the first time on Monday. This comes as the gold price is experiencing a powerful rally, nearing $3,840 per ounce.
The price of gold surged to $3,800 per ounce on Monday, sending the market value of U.S. gold reserves past the $1 trillion mark—but on the government's books, it's still worth pennies in comparison.
This is the side of rate cuts that nobody is talking about. There will be a likely rotation after one big blow off top, but not where you think it will.
The ancient allure of gold has once again captivated global financial markets, as the precious metal has surged to unprecedented highs, fueling intense speculation about its future trajectory. With spot prices oscillating around the $3,630 to $3,660 per ounce mark, a new all-time record, analysts and investors alike
There are three ways to play this recent gold and silver breakout, with ETFs that match both safety and cost efficiency, as well as a direct mining play.
