Gold is glittering to kick off December. At the end of the Friday trading session, Gold prices hit a record high of $2,090 per ounce on the COMEX division of the New York Mercantile Exchange. The yellow metal enjoyed a weekly gain of 4.3 percent and a year-to-date rally of 1.42 percent. The meteoric ascent […]
Gold
JPMorgan: Gold prices will touch $2,000 this year, rally to $2,175 by end of 2024
Gold prices will hit $2,000 by the end of the year. This is the message from JPMorgan Chase economists. JP Morgan executive director of global commodities research Greg Shearer said in a recent research note that gold prices are projected to average $2,175 per ounce by the fourth quarter of 2024, an 11% jump from […]
RFK Jr. wants to back the U.S. dollar by Bitcoin, gold to ‘restore strength’ in the buck
Longshot 2024 presidential candidate Robert F. Kennedy Jr. wants to back the U.S. dollar with Bitcoin and gold. Kennedy announced his latest public policy proposal that tackles fiat money. He proposed beginning his initiative by backing hard currency with gold, silver, platinum, or Bitcoin, with the idea being to strengthen the greenback and fight inflation. […]
Report: Zimbabwe to introduce a gold-backed digital currency for legal tender
Will Zimbabwe make money great again? It would be ironic after years of having the most devalued currency on the planet. But now it is being reported that Zimbabwe is poised to launch a gold-backed digital currency. These types of reports have popped up from time to time over the years, but here is what […]
Gold prices top $2,000 in intraday trading as metal finds support from banking crisis
The banking crisis is making gold great again. In intraday trading on Monday, gold prices reached $2,014 per ounce. At the time of this writing, the yellow metal is trading at around $1,989. Gold found support from various factors: the banking crisis (investors seeking shelter), shifting interest rate expectations (sensitive to interest rates), and a […]