Posted by ahbah > 1 month ago | Report Abuse

Gold is not expensive. The truth is that the U.S. dollar is cheap as the US government floods the global economy with it.

Posted by ahbah > 1 month ago | Report Abuse

Gold smells a massive money-printing program coming at some point. In fact, low-grade money printing has already occurred.

Posted by ahbah > 1 month ago | Report Abuse

The gold rally has just only started.

Posted by ahbah > 1 month ago | Report Abuse

The gold mining sector, while off its lows is still significantly undervalued compared to gold prices.

Posted by ahbah > 1 month ago | Report Abuse

The time to sell is when everyone is talking about gold and the gold miners are taking off.

Posted by ahbah > 1 month ago | Report Abuse

The West has lost its power to set the price of gold

Posted by ahbah > 1 month ago | Report Abuse

The marginal buyer of gold is no longer the U.S. It's no longer Europe. It's China.

Posted by ahbah > 1 month ago | Report Abuse

Between the country's central bank and the Chinese public, China takes up over two-thirds of all the annual production. They are the new marginal buyer. That's where the gold price is set.

Posted by ahbah > 1 month ago | Report Abuse

A coordinated move of creating a collective new currency backed by gold by the BRICS Plus against the U.S. dollar could lead to dire financial results globally.

Posted by ahbah > 1 month ago | Report Abuse

😴

Posted by ahbah > 1 month ago | Report Abuse

Gold prices have been hitting new highs, and the rally is far from over. Several factors contribute to this surge:

Interest Rate Expectations: Growing expectations of US interest rate cuts have driven investors toward gold as a safe-haven asset12.
Central Bank Buying: Central banks and Chinese investors have been buying gold in significant quantities, further boosting its price3.
Geopolitical Tensions: Investors view gold as a hedge against global conflicts, and the current geopolitical landscape has fueled demand4.
Federal Reserve Rate Cuts: Anticipated rate cuts by the Federal Reserve have also played a role in driving gold prices to record levels4.
In summary, a combination of economic factors, investor sentiment, and central bank actions has propelled gold to its all-time highs.

Posted by ahbah > 1 month ago | Report Abuse

A pair of Federal Reserve policymakers said it would be “reasonable” to cut US interest rates three times this year, even as stronger recent economic data has sown investor doubts about that outcome.

Posted by ahbah > 1 month ago | Report Abuse

Cleveland Fed Loretta Mester said that she doesn’t have enough information for a May meeting cut, yet foresees three rate cuts in 2024. Mester added the Fed’s challenge would be balancing the risks between inflation and employment.

Posted by ahbah > 1 month ago | Report Abuse

San Francisco Fed President Mary Daly said the Fed need to see how long to keep rates at current levels. She supports three rate cuts, but added that it’s a projection, not a promise.

Posted by ahbah > 1 month ago | Report Abuse

Gold is going up because of the fact that it was deeply oversold and under-owned.

Posted by ahbah > 1 month ago | Report Abuse

President Joe Biden held a phone call with the Chinese leader Xi Jinping on Tuesday morning in the latest effort to drive down tensions between the world's two most powerful nations. ... highest global political tension in the world ? Buy some gold now to protect and preserve our wealth ?

Posted by ahbah > 1 month ago | Report Abuse

😴

Posted by ahbah > 1 month ago | Report Abuse

😴

Posted by ahbah > 1 month ago | Report Abuse

In Europe, ECB minutes showed officials saw a stronger case for the begininng of their loosening cycle.

Posted by ahbah > 1 month ago | Report Abuse

Gold, as a safe haven asset continued to benefit from escalations in Gaza war.

Posted by ahbah > 1 month ago | Report Abuse

Gold’s on track to hit $2,400 this year, less dependent on Fed rate cuts – Bank of America

Posted by ahbah > 1 month ago | Report Abuse

Gold stocks are undervalued compared to gold prices, presenting a significant opportunity for investors.

Posted by ahbah > 1 month ago | Report Abuse

Gold stocks are undervalued compared to gold prices, presenting a significant opportunity for investors.

Posted by ahbah > 1 month ago | Report Abuse

Physical demand, such as Indian weddings and Chinese New Year, contributes to the underlying strength of the gold market。

Posted by ahbah > 1 month ago | Report Abuse

Sentiment and herd mentality are crucial factors in the current rally, particularly during the spring season when optimism and exuberance tend to increase.

Posted by ahbah > 1 month ago | Report Abuse

The blistering rally of gold, whose price jumped 11.5 per cent year-to-date till April 3, may have further room to run in the medium term, according to OCBC foreign exchange strategist Christopher Wong.

Posted by ahbah > 1 month ago | 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.

Posted by ahbah > 1 month ago | 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.

Posted by ahbah > 1 month ago | Report Abuse

In the Latin American world, several central banks including Brazil, Mexico and Paraguay had started their respective rate cut cycle.

Posted by ahbah > 1 month ago | 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.

Posted by ahbah > 1 month ago | 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.

Posted by ahbah > 1 month ago | Report Abuse

Gold may still have further room to run higher when actual rate cut cycle starts.

Posted by ahbah > 1 month ago | Report Abuse

Gold outperformed most currencies on average terms every year since 2001.

Posted by ahbah > 1 month ago | Report Abuse

Fed boss Jerome Powell said it would likely be appropriate to cut borrowing costs "at some point this year.

Posted by ahbah > 1 month ago | 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.

Posted by ahbah > 1 month ago | Report Abuse

Gold helps to counteract the risk of losses to your portfolio from more volatile investments, like stocks.

Posted by ahbah > 1 month ago | Report Abuse

Gold can help to protect your wealth when inflation impacts the value of traditional currencies.

Posted by ahbah > 1 month ago | Report Abuse

Gold can act as a shelter during economic uncertainty.

Posted by ahbah > 1 month ago | Report Abuse

Gold is a stable store of wealth.

Posted by ahbah > 1 month ago | Report Abuse

Gold can be used to diversify your portfolio.

Posted by ahbah > 1 month ago | Report Abuse

While gold prices can experience short-term fluctuations, the value tends to grow steadily over time.

Posted by ahbah > 1 month ago | Report Abuse

Gold helps to preserve wealth during inflationary periods.

Posted by ahbah > 1 month ago | 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.

Posted by ahbah > 1 month ago | Report Abuse

😴

Posted by ahbah > 1 month ago | Report Abuse

The Reserve Bank of Zimbabwe announced that on April 8, the government will launch a new currency backed in part by gold.

Posted by ahbah > 1 month ago | 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.

Posted by ahbah > 1 month ago | 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.

Posted by ahbah > 1 month ago | 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.

Posted by ahbah > 1 month ago | Report Abuse

In January and February alone, the PBC increased its gold reserves by 22 tons.

Posted by ahbah > 1 month ago | Report Abuse

China's central bank now holds roughly 2,257 tons of gold in its vaults.