15th April 2025

Slight decline for gold following profit-taking

Slight decline for gold futures, following the extraordinary rally of the past three days that reached 8.34 percent. A modest drop that of the yellow metal, mainly due to profit-taking, which is more than normal following a meteoric rise such as the one that began on April 9. At the close of U.S. trading yesterday June futures were trading at $3,226.90 an ounce, down $28.40. Source: Kitco News

14th April 2025

Fear and chaos expected to support price above $3,200 this week

Turbulence in global financial markets has pushed gold prices to new all-time highs. However, the yellow metal has enough momentum to rise further as the list of safe-haven assets counts fewer and fewer assets. Gold is trading solidly above $3,200 an ounce, a 6 percent gain from two weeks ago. That recorded April 7-11 is officially the best weekly performance since March 2020.Source: Kitco News

11th April 2025

Peak for gold price thanks to demand for safe-haven assets

The ultimate safe haven asset continues to post strong gains, reaching all-time highs in early U.S. trading today. Gold on delivery in June (Comex) reached an all-time high of $3,225.90 an ounce overnight. Solid gains also for silver, with the metal in May delivery up $0.691, to $31.45 an ounce. Prices driven by robust demand for safe-haven assets, against a backdrop of hovering equity markets and a staggering U.S. Treasury.
Source: Kitco News