Goldman Sachs postpones gold price prediction to mid-2026, citing Fed decisions. Gold expected to reach $2,910/oz by end of 2025. Antimony mining project in Idaho could boost US demand and reduce vulnerability to China's market control.
Amid gold's record-breaking 27% surge in 2024, Rolex SA increased prices on select luxury models, with precious metal timepieces rising by up to 8%. The yellow gold GMT-Master II now costs €44,600.
I learned this week about an ETF with the symbol OUNZ, which has an interesting feature: upon request, they will deliver the physical gold that you own if you choose.
The price action in silver is currently far stronger than gold. This typically occurs in the late stage of an intermediate trend and a June-July surge seems likely.
Gold’s price action is quite boring even though a bull flag may be in play. It could play out as indicated or simply morph into a “consolidatory blob”.
A pre-Christmas lull in trading could see a second right shoulder form, but the positive action of the Stochastics oscillator suggests that won’t happen.
Gold prices have been on a rollercoaster ride since last week, with investors selling off their gold holdings in the wake of the abating fears over the U.S. banking crisis. Prices of the precious metal soared past the $2,000 level earlier this week, but fell 1.92% to $1,944 on Tuesday.
Given the drive for inflation hedge and flight to safety, the gold price is expected to increase further. As such, investors should tap the rally with the best-performing ETFs so far this year.
The bond market appears to have discounted all the talk about stimulus and the threat of inflation exploding. The markets are saying that the consequences of printing the amounts of money that the government is printing is unsustainable.
The market is still digesting the CPI news and the PPI, which indicates that inflation is running above expectations. The big question is whether this inflation is going to be temporary, as the Fed suggests, or is it going to be longer term?
Fundamentally, gold and silver have a bullish future. There are shortages in both sectors, which should drive prices higher. They are also attracting buyers with prices moving up in gold and silver.
