Tag: Gold Prices

IN-DEPTH: Gold Prices Soar to Historic Highs Amid Heightened Global Tensions

Amid escalating friction between world’s predominant power blocs, gold prices surged to unprecedented levels, underscoring metal’s role as a premier hedging instrument.

Gold Prices Predicted to Hit Record Highs of $2,300 in 2024

After prices jumped in 2023, gold is entering 2024 with many experts suggesting the safe haven asset could hit record highs this year.

Chart of the Day: Central Banks Race to Purchase Gold – What Do They Know?

Besides investors and jewelry consumers, central banks are a major source of gold demand. In 2022, central banks snapped up gold at the fastest pace since 1967.

Gold Collapses to Lowest Level Since December 2021 on US Dollar Strength

August gold futures plummeted more than 2 percent to around $1,765 per ounce on the COMEX, the lowest level since December 2021.