19th 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

19th November2024

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

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