Posted by ahbah > 1 week ago | Report Abuse

Although gold is a heavy, dense metal, it's generally considered nontoxic. Therefore, gold is sometimes used as a food additive, particularly in luxury restaurants.

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Gold is also being incorporated into drinks, such as the popular cinnamon schnapps Goldschläger. Each bottle contains small fragments of gold foil that can be consumed.

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Gold is sometimes used as an anti-inflammatory, antioxidant, and anti-aging ingredient in cosmetics and beauty products. However, the amounts used are typically very small.

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Gold is super flexible, and a single ounce of gold (about 28 grams) can be stretched into a gold thread that's 5 miles (8 km) long. Gold thread and embroidery have been used in textiles for centuries, especially in royal clothing.

Posted by ahbah > 1 week ago | Report Abuse

In every single vehicle that NASA launches into space, gold is used in several ways. The metal is used in the circuitry, as well as to lubricate the mechanical parts. It's also used to coat the inside of the spacecraft, protecting the astronauts from infrared radiation and extreme temperatures.

Posted by ahbah > 1 week ago | Report Abuse

A natural conductor of electricity, televisions and computers contain small amounts of gold. Also, older items like cameras and radios tend to have gold within their circuit boards.

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Cellphones also contain a small amount of gold. With gold having a high resistance to corrosion, it's much more reliable than silver. However, it's more expensive.

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Gold ink can help achieve high quality and durable prints. This has extended into 3D printing, where gold has been used experimentally to produce unique items.

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Gold nanoparticles can be added to glass to create a range of colors, from red to purple and blue. These types of glass are often used in luxury items, such as jewelry and watches.

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Due to its biocompatibility and resistance to corrosion, gold is sometimes used in medical implants, such as pacemakers and artificial joints.

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Gold is even used in the treatment of rheumatoid arthritis. Providing pain relief through the reduction of swelling and stiffness, patients typical get injections containing gold salts during 22 weeks.

Posted by ahbah > 1 week ago | Report Abuse

Gold Still Has Room To Climb, Market is Emotional.

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😴

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😴

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"We project $3,000/oz gold over the next 6-18m," said Citi's analysts led by Aakash Doshi, Citi's North America head of commodities research.

Posted by ahbah > 1 week ago | Report Abuse

On Friday, Goldman Sachs referred to the gold market as an "unshakeable bull market" and revised upward its price target for the yellow metal from $2,300 per ounce to $2,700 by the end of the year.

Posted by ahbah > 1 week ago | Report Abuse

Call from gold Target price for 2024
Citi $3,000
UBS $2,700
Goldman Sachs $2,500

Posted by ahbah > 1 week ago | Report Abuse

China raised its gold holdings for the 17th consecutive month at record prices, while India also added to its gold holdings

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China Asset Management Co. said that the secondary market price of the “Shanghai-Shenzhen-Hong Kong Gold Industry Stock Exchange-traded Open-ended Index Securities Investment Fund ETF” traded significantly higher than NAVs with a premium as high as 30% before trading was halted.

Posted by ahbah > 1 week ago | Report Abuse

The global price of gold could potentially reach $3,000 per ounce as additional funds pour into exchange-traded funds backed by the precious metal, according to analysts at Citi, as quoted by CNBCTV18.

Posted by ahbah > 1 week ago | Report Abuse

Citigroup anticipates that the mean gold price will hover around $2,350 per ounce in 2024, followed by a significant 40% surge to $2,875 in 2025.

Posted by ahbah > 1 week ago | Report Abuse

Looking ahead, sentiment remains bullish for gold as long as geopolitical tensions persist and escalate.

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Gold rate has risen by about 15% so far this year, with gains partially driven by safe-haven demand amid escalating geopolitical tensions in the Middle East and Ukraine.

Posted by ahbah > 1 week ago | Report Abuse

Gold has been supported by strong central bank purchases and safe-haven demand amid escalating Middle East tensions after Israel said it would retaliate to Iran's drone attack.

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"Therefore, the government needs to formulate a comprehensive strategy so that gold stock reserves abroad and within the country can be increased by ensuring that the country's purchasing power is in a stable and strong state, especially the value of the Malaysian ringgit," he said.

Posted by ahbah > 1 week ago | Report Abuse

Financial experts often suggest keeping between 5% and 25% of your investments in gold and other precious metals.

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Gold can protect you against inflation and be a safety net when the economy isn’t doing well.

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Gold ETFs offer the opportunity to invest in gold without the need to physically store the metal.

Posted by ahbah > 6 days ago | Report Abuse

Gold poised to hit $3,000 per ounce as upcoming Fed rate cuts occur, top economist David Rosenberg says.
That implies a potential 30% upside from current levels.
He says the current rally is impressive because it defies typical macroeconomic challenges like a strong dollar and falling inflation expectations.

Posted by ahbah > 6 days ago | Report Abuse

"The read-through for investors is straightforward: make sure you have gold in your portfolio, and overweight it. The downside risks are well contained (though a very near-term correction is not impossible and should be looked through), but the upside is tantalizing," Rosenberg concluded.

Posted by ahbah > 6 days ago | Report Abuse

Gold tends to maintain its value and even rise in price when inflation is problematic.

Posted by ahbah > 6 days ago | Report Abuse

Many people bought gold, as it is the best hedge against inflation.

Posted by ahbah > 5 days ago | Report Abuse

Gold is the only asset which every central bank owns.

Posted by ahbah > 5 days ago | Report Abuse

Since [the] 2000s, the average return [on] gold in any currency is somewhere between 8% and 10% a year.

Posted by ahbah > 4 days ago | Report Abuse

The price of gold is up 15% this year to a recent $2,409, and has gained 22% since the Federal Reserve began raising interest rates in March 2022.

Posted by ahbah > 4 days ago | Report Abuse

Heightened geopolitical risk has always been and continues to be supportive of gold.

Posted by ahbah > 4 days ago | Report Abuse

Gold historically does well during inflationary periods.

Posted by ahbah > 4 days ago | Report Abuse

Western investors are still on the sidelines. When these investors come back, that’s when the gold rally is going to accelerate.

Posted by ahbah > 4 days ago | Report Abuse

Investors should make gold a core component of their portfolio because gold has historically offered improved risk-adjusted returns.

Posted by ahbah > 3 days ago | Report Abuse

The surge in price hasn’t deterred the demand in Vietnam, driving local premium over the international rate to as much as 15 million dong ($590) per tael earlier this year.

Posted by ahbah > 3 days ago | Report Abuse

The premium paid by Chinese importers jumped to US$89 an ounce at the start of April, compared with US$35 over the past year and the historical average of US$7.

Posted by ahbah > 3 days ago | Report Abuse

China’s gold jewellery demand rose 10 per cent while India’s fell 6 per cent. Chinese bar and coin investments, meanwhile, surged 28 per cent.

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The People’s Bank of China has been on a buying spree for 17 straight months, its longest-ever run of purchases, as it looks to diversify its reserves away from the dollar and hedge against currency depreciation.

Posted by ahbah > 3 days ago | Report Abuse

If  Google searches are to be believed, we’re in a new gold rush – and it’s a global one. According to investment platform Hargreaves Lansdown, There were 271,500 Google searches for ‘gold’ in the first three months of the year.

Posted by ahbah > 3 days ago | Report Abuse

This is the most popular quarter for gold since Q4 2020.

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Many gold investors are expecting exponential increases in value in the medium to long-term as individuals, institutions and countries look for assets that give them security in an insecure world.

Posted by ahbah > 3 days ago | Report Abuse

As various Western economies – including the USA, UK, Eurozone and Japan – have been printing more money to cope with one financial crisis after another, there has been a growing concern among investors that fiat currencies are literally not worth the paper they're printed on. This has pushed more and more individuals and institutions towards gold, silver and other money metals.

Posted by ahbah > 3 days ago | Report Abuse

We have a global financial system that is pretty much broken beyond repair. It's staggering along right now but it's only a matter of time before something crashes, somewhere.

Posted by ahbah > 3 days ago | Report Abuse

The only suitable action is to protect our wealth in financial assets with a meaningful allocation to gold.

Posted by Musang King > 42 minutes ago | Report Abuse

True.