Gold price in Ghana crosses $3,200/oz as government centralizes control over exports; new entity, Ghana Gold Board, aims to boost revenues and regulate industry.
In 2024, gold miners dominated mergers and acquisitions in the metals and mining industry, with a 70% transaction value. Australia and Canada were top locations, while copper-focused M&A was subdued. This trend is expected to continue in 2025 due to rising gold prices.
Goldman Sachs postpones gold price prediction to mid-2026, citing Fed decisions. Gold expected to reach $2,910/oz by end of 2025. Antimony mining project in Idaho could boost US demand and reduce vulnerability to China's market control.
Amid gold's record-breaking 27% surge in 2024, Rolex SA increased prices on select luxury models, with precious metal timepieces rising by up to 8%. The yellow gold GMT-Master II now costs €44,600.
Gold regained its luster this week, driven by safe-haven demand amid an escalation in the conflict between Russia and Ukraine. The bullion is on track to post its best week in a year, rising 5% so far. Here is a look at ETFs that may benefit.
Additionally, geopolitical risks, particularly concerning Iran, could influence oil supply due to potential increased U.S. support for Israel and stricter sanctions enforcement.
The uncertainty regarding how the market will respond to the U.S. Presidential election presents a headwind. The decline in consumer confidence also paints an unclear picture. Here are some ETFs that may help navigate this uncertain environment.
Recent ADP and jobless claims data seem to support the “soft economy” narrative, which increases market expectations of the Fed cutting interest rates as soon as September of this year. Here is a look at some ETFs that may benefit from this backdrop.
As the price of gold continues to soar, prominent economists Mohamed A. El-Erian and Peter Schiff are emphasizing the ongoing strength of the gold market. El-Erian highlights the significant expansion of the commodity rally, while Schiff underscores the importance of holding onto gold and silver assets amid a promising market outlook.
Gold ETFs have faced outflows for 9 consecutive months despite record highs, but strong demand from Asia, geopolitical tensions, and weak US data drive prices up.
Gold’s price action can lag interest rate changes… or lead them. It’s possible that the current sideways action in gold suggests that US rates are peaking.
