19th November2024

Russia and nuclear: gold gains ground thanks to demand for safe haven assets

President Vladimir Putin signs a decree allowing Russia to fire nuclear weapons in response to a massive unconventional attack. This comes in response to Ukraine's first attack on Russian territory with US-supplied long-range missiles. Gold's response to this new geopolitical upheaval was immediate, with the price rising by $23.60 to $2,638 per ounce. Silver also rose, reaching $31.41 following an increase of +0.186.
Source: Kitco News

18th November2024

Growing safe-haven demand and bargain hunting: Rising gold price

Solid gains for gold and silver in early US trading this week. Fresh safe-haven buying and bargain hunting are expected after recent selling pressure. The yellow metal rose $30.10 to return above $2,600 an ounce, while silver recovered $0.463 to $30,895.
Source: Kitco News

15th November2024

Inflation on the rise again: Fed fears stagflation nightmare

Inflation on the rise again: for the first time since September 2022. According to analysts, core PPI and CPI inflation are back above 3%, despite the Federal Reserve's target of keeping it below one percentage point. There are now fears that we are entering an era of stagflation. Although inflation has stabilised above the Fed's target, interest rate cuts are likely to continue.
Source: Kitco News