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2024-04-06 22:29 | Report Abuse
Gold prices are soaring and the mining stocks are just starting to catch up.
2024-04-06 22:28 | Report Abuse
New Highs Next Week Could See Gold at 2,348
2024-04-06 22:25 | Report Abuse
The Reserve Bank of India (RBI) stood out with its continued accumulation of gold reserves. Weekly data from the RBI revealed a 6-tonne increase in gold holdings in February alone.
This brings the total year-to-date buying by the RBI to over 13 tonnes, with total gold reserves now reaching 817 tonnes.
2024-04-06 22:24 | Report Abuse
Barrick Gold Corporation (NYSE:GOLD) shares are trading higher Friday, and the stock has gained more than 7% over the past five days.
2024-04-06 22:20 | Report Abuse
Unlike paper currencies, gold has intrinsic value as it is a rare commodity that is difficult to extract. It also has multiple economic uses, in electronics, dentistry, medical tools, and the defense, aerospace, and automotive sectors.
2024-04-06 22:18 | Report Abuse
Even after nearly 18 months of buying, China's gold reserves account for roughly 4% of the PBC's total reserves. That figure is well below the reserve threshold by the central banks of developed countries.
2024-04-06 22:18 | Report Abuse
The World Gold Council analyst expects central banks' gold purchases to continue for several years.
2024-04-06 22:14 | Report Abuse
China's central bank now holds roughly 2,257 tons of gold in its vaults.
2024-04-06 22:14 | Report Abuse
In January and February alone, the PBC increased its gold reserves by 22 tons.
2024-04-06 22:13 | Report Abuse
The People's Bank of China has been adding to its gold reserves for the past 16 months in a row, according to the World Gold Council. In 2023, the PBC bought more gold than all other central banks.
2024-04-06 21:56 | Report Abuse
Maybe it is just guesscast onli ? πππ
2024-04-06 17:16 | Report Abuse
Top 5 reasons for gold, silver price rally:
Those 5 reasons are the bets of the US Fed rate cut, rising geo-political risk, aggressive buying by China, uncertainties ahead of general elections in major economies, and depreciating all fiat currencies.
2024-04-06 16:08 | Report Abuse
Nine experts, or 75%, expected to see gold prices climb even higher next week, while only one analyst, representing a paltry 8%, predicted a price decline. The remaining two experts, or 17%, said headwinds and tailwinds were too close to call next week.
2024-04-06 15:58 | Report Abuse
The Reserve Bank of Zimbabwe announced that on April 8, the government will launch a new currency backed in part by gold.
2024-04-06 15:53 | Report Abuse
Between 2000 and 2022, a gold investment would have yielded over 500% return versus the S&P at 300% return πππ
2024-04-06 15:49 | Report Abuse
Nice n chip. Just close eye and sapu kuat kuat ! πππ
2024-04-06 15:47 | Report Abuse
Poh Kong ... veri chip, just buy n keep. πππ
2024-04-06 15:46 | Report Abuse
Jewellers are heaving a sigh of relief as the High-Value Goods Tax (HVGT) has been deferred, even if only temporarily. The government announced on Thursday (March 28) that the plan to implement the HVGT from May 1 has been indefinitely shelved as the Finance Ministry had not presented the Bill in Parliament yet.
2024-04-06 15:44 | Report Abuse
Tomei ... go for it ! No selling, please. πππ
2024-04-05 16:44 | Report Abuse
Tomei ... now in uptrend mode ? πππ
2024-04-05 13:04 | Report Abuse
On a long term basis, gold is always a 100% sure winner !!! πππ
2024-04-05 12:22 | Report Abuse
Itβs a long-term store of value. You should have at least 10% of your portfolio in gold.
2024-04-05 12:22 | Report Abuse
Gold is one of the best-performing asset classes, if not the best, in the last 50 years.
2024-04-05 12:21 | Report Abuse
Between 1971 and 2022, gold had average annual returns of 7.78%.
2024-04-05 12:21 | Report Abuse
Between 2000 and 2022, a gold investment would have yielded over 500% return versus the S&P at 300%
2024-04-05 12:20 | Report Abuse
In years when inflation was between 2%-5%, goldβs price increased 8% per year on average.
2024-04-05 12:19 | Report Abuse
Goldβs long-term return is comparable to equities and higher than bonds. Gold has also outperformed many other major asset classes over the past 3, 5, 10 and 20 years.
2024-04-05 12:12 | Report Abuse
On a long term basis, the future value of gold always go up. So, the margin of safety of gold's appreciation is 100% ! πππ
2024-04-05 10:34 | Report Abuse
The best commodity to invest is GOLD because on a long term basis GOLD always goes UP while all fiat currencies always go down to ZERO.
2024-04-05 10:13 | Report Abuse
By investing in gold now, you're making a strategic move to safeguard your assets against the erosive effects of inflation while working toward long-term wealth preservation.
2024-04-05 10:11 | Report Abuse
Gold helps to preserve wealth during inflationary periods.
2024-04-05 10:10 | Report Abuse
While gold prices can experience short-term fluctuations, the value tends to grow steadily over time.
2024-04-05 10:10 | Report Abuse
Gold can be used to diversify your portfolio.
2024-04-05 10:09 | Report Abuse
Gold is a stable store of wealth.
2024-04-05 10:07 | Report Abuse
Gold can act as a shelter during economic uncertainty.
2024-04-05 10:06 | Report Abuse
Gold can help to protect your wealth when inflation impacts the value of traditional currencies.
2024-04-05 10:03 | Report Abuse
Gold helps to counteract the risk of losses to your portfolio from more volatile investments, like stocks.
2024-04-05 09:59 | Report Abuse
If you've been considering a gold investment, it makes sense to add some of the precious metal to your portfolio now. After all, gold offers a number of unique benefits to investors, many of which are incredibly relevant in today's economic environment.
2024-04-05 09:57 | Report Abuse
Fed boss Jerome Powell said it would likely be appropriate to cut borrowing costs "at some point this year.
2024-04-05 09:12 | Report Abuse
Gold outperformed most currencies on average terms every year since 2001.
2024-04-05 09:12 | Report Abuse
Gold may still have further room to run higher when actual rate cut cycle starts.
2024-04-05 09:10 | Report Abuse
The Fed has projected three cuts for 2024 while markets are pricing in about four cuts for ECB, three cuts for BoE, two more cuts for SNB by end 2024.
2024-04-05 09:09 | Report Abuse
In the developed markets (DM), the Swiss National Bank (SNB) became the first central bank to cut rates in March while most major DM central banks including the European Central Bank (ECB), Bank of England (BoE), Bank of Canada and the Fed are likely to cut policy rates in due course as inflation has peaked and looks on track to return to target.
2024-04-05 09:08 | Report Abuse
In the Latin American world, several central banks including Brazil, Mexico and Paraguay had started their respective rate cut cycle.
2024-04-05 09:08 | Report Abuse
"Historical evidence since 2001 showed that gold strengthened when the US Federal Reserve (Fed) rate hike cycle ended and continued to extend its bullish run when Fed rate cut cycle gets underway.
2024-04-05 09:07 | Report Abuse
OCBC kept its bullish outlook on gold prices, on the back of expectations of global easing outlook, central banks' continued purchases of gold, as well as a play up of gold's geopolitical hedge characteristic.
Stock: [GOLDETF]: TRADEPLUS SHARIAH GOLD TRACKER
2024-04-06 22:31 | Report Abuse
If gold prices persist, gold stocks will have a good move, because they are not pricing in the increase in the price of gold.