22th November2024

Analyst Solomon Global: Threat of World War III could push gold to $2,800 by Christmas

Matthew Jones, precious metals analyst at Soloman Global, is in no doubt: 'What is the war for? Absolutely nothing, except to drive gold prices to record levels. Rising geopolitical tensions, fuelled by Vladimir Putin's comments on the possibility of taking the conflict to a global scale, have sent the yellow metal soaring and now above €2,700 an ounce. However, according to Jones, in the current climate it cannot be ruled out that the metal will reach $2,800 before Christmas.
Source: Kitco News

21th November2024

Storm Shadow and landmines: gold rises on geopolitical tensionss

British Storm Shadow missiles have been used for the first time to hit targets inside Russian territory. This follows the launch of US ATAMCS missiles across the Ukrainian border in the Bryansk region of Russia. Meanwhile, outgoing President Joe Biden raises the bar once again by agreeing to supply Kiev with landmines: controversial weapons condemned by several human rights groups. Gold rallies in response to the geopolitical instability and settles above $2,660 an ounce.
Source: Kitco News

20th November2024

Debt crisis at eurozone's doorstep, ECB warns

The debt of EU countries, weighed down by geopolitical tensions and the transition to green energy, continues to rise. The European Central Bank says there is a risk of a new debt crisis that can only be contained by reducing public debt, boosting economic growth and removing political uncertainties.
Source: Kitco News