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Jess Colombo, a metals financial analyst, claims that the recent moves might hint at a large gold breakout in the short term. He states that the preliminary breakout that occurred on November 28 points toward $5,200 as a new price target. Gold Hints at a Large Move Towards $5,200; The Fed Might Help Gold and … Read more
Saudi Arabia has outlined a fresh trove of nearly 11 million tonnes of copper, zinc, gold, and silver resources in the Najran region, marking one of the Kingdom’s most intriguing early-stage mineral finds of the decade. Saudi Arabia Reports Major Polymetallic Discovery in Najran Region Saudi Arabia’s Almasane Al Kobra Mining Company (AMAK) has identified … Read more
While crypto assets have bounced back and mended the dents left between Nov. 12 and 25, gold and silver have quietly strutted into the spotlight, with silver even tagging a fresh all-time high over the past week. Analysts and banks are still eyeing higher ground for precious metals, and Goldman Sachs researcher Daan Struyven even … Read more
Ghana is set to overhaul its gold sector with a blockchain-powered track and trace system by the end of 2026, ensuring full traceability and certified origin of all gold exports. Aggressive Reforms and Extended Timeline Ghana is preparing for an overhaul of its gold sector with the introduction of a blockchain-powered track and trace system … Read more
Tether’s growing footprint in the global gold market has entered the chat in a big way, thanks to a new analysis from Jefferies that frames the stablecoin giant as something akin to a private-sector central bank. Why Jefferies Thinks Tether Is the Most Important Gold Buyer You’re Not Watching Tether, already known for steering the … Read more
Spot gold prices inched up early Tuesday as markets pre-positioned ahead of an expected Federal Reserve interest-rate cut — prediction markets put the probability at about 83%. Gold Edges up as Markets Expect Federal Reserve to Cut Rates The Facts Metal investors have reacted positively to the expectation of a rate cut, taking positions to … Read more
Mike McGlone is dusting off one of his old calls — the kind that made headlines in 2018 — and applying it to today’s overheated crypto market. McGlone Sees a Deeper Pullback Forming The Bloomberg strategist Mike McGlone says his earlier prediction that bitcoin would “drop a zero” when it traded near $10,000 was only … Read more
Tuesday brought a full-blown market massacre as artificial intelligence (AI) valuation panic and a cocktail of macroeconomic worries vaporized $730 billion from U.S. equities. Meanwhile, the crypto crowd didn’t escape unscathed — $289 billion in digital assets vanished overnight, and even precious metals caught the blues, slumping alongside everything else. Volatility Strikes Back: Bitcoin, Stocks, … Read more
Peter Schiff, a known gold bug, argued that because of the behavior that bitcoin and gold registered yesterday in response to the rate cut announced by the Federal Reserve, the former cannot be taken as a digital form of the latter. Peter Schiff Blasts Bitcoin Performance After Rate Cuts, Calls It ‘Fool’s Gold’ The Facts … Read more
During a quarter when prices reached several record highs, central banks stepped up their purchases to reach 220 tonnes from July to September. The number represents an acceleration compared to Q2 numbers, which only registered 166 tonnes. These institutions have added 634 tonnes YTD. Central Banks Purchased 220 Tonnes of Gold During Q3 The Facts … Read more
