Gold is extending a period of successive record highs, moving the psychological milestone of $3,000 per ounce into view, analysts said, as geopolitical...
LONDON - Gold is extending a period of successive record highs , moving the psychological milestone of $3,000 per ounce into view, analysts said, as geopolitical tension, a tight U.S. electoral race and favorable macro backdrop attract more investors.
Metals Focus expects gold to touch $2,800 before year-end and global rate cuts to continue supporting the non-yielding bullion until there is more certainty about the duration of the rate reduction cycle and its endpoint. "There is little doubt that many would-be investors balk at the prospect of paying record prices, but the fear of missing out on the continued rally ultimately forces many to get involved," said Ole Hansen, head of commodity strategy at Saxo Bank.
"Private investors continue taking profit at these record levels, but the pace of liquidation remains far from a rush, because investors aren't selling as fast as gold prices rise," said Adrian Ash, head of research at BullionVault.The First Minister said he would not comment on what would be in the upcoming budget but added that investment in public services was vital.
Prince Harry and Prince William's cousin Lady Marina Windsor joined her sister Lady Amelia at a wedding in the most stunning pink dress.Autumn is in full swing and the retailer is handing out discounts like Halloween candy, including an HP laptop for under $200.
Record Highs Private Investors Metals Focus
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Gold price could hit $2,700 by mid-2025, silver will outperform goldThe Kitco News Team brings you the latest news, videos, analysis and opinions regarding Precious Metals, Crypto, Mining, World Markets and Global Economy.
Read more »
'The gold sector is highly fragmented'- Gold Fields Mike Fraser on consolidation in the mining spaceThe Kitco News Team brings you the latest news, videos, analysis and opinions regarding Precious Metals, Crypto, Mining, World Markets and Global Economy.
Read more »
Gold SWOT: Silver is taking a play from gold’s handbookThe Kitco News Team brings you the latest news, videos, analysis and opinions regarding Precious Metals, Crypto, Mining, World Markets and Global Economy.
Read more »
Denver Gold Group's Tim Wood on why the miners hold back while gold surgesThe Kitco News Team brings you the latest news, videos, analysis and opinions regarding Precious Metals, Crypto, Mining, World Markets and Global Economy.
Read more »
Bitcoin’s ‘digital gold’ status questioned as gold surges and BTC fallsThe Kitco News Team brings you the latest news, videos, analysis and opinions regarding Precious Metals, Crypto, Mining, World Markets and Global Economy.
Read more »
World Gold Council embraces blockchain: gold tokenization pilot prepares for digital futureThe Kitco News Team brings you the latest news, videos, analysis and opinions regarding Precious Metals, Crypto, Mining, World Markets and Global Economy.
Read more »