ahbah

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

3 weeks ago

ahbah

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.

3 weeks ago

ahbah

Gold Still Has Room To Climb, Market is Emotional.

3 weeks ago

ahbah

😴

2 weeks ago

ahbah

😴

2 weeks ago

ahbah

"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.

2 weeks ago

ahbah

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.

2 weeks ago

ahbah

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

2 weeks ago

ahbah

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

2 weeks ago

ahbah

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.

2 weeks ago

ahbah

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.

2 weeks ago

ahbah

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.

2 weeks ago

ahbah

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

2 weeks ago

ahbah

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.

2 weeks ago

ahbah

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.

2 weeks ago

ahbah

"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.

2 weeks ago

ahbah

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

2 weeks ago

ahbah

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

2 weeks ago

ahbah

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

2 weeks ago

ahbah

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.

2 weeks ago

ahbah

"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.

2 weeks ago

ahbah

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

2 weeks ago

ahbah

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

2 weeks ago

ahbah

Gold is the only asset which every central bank owns.

2 weeks ago

ahbah

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

2 weeks ago

ahbah

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.

2 weeks ago

ahbah

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

2 weeks ago

ahbah

Gold historically does well during inflationary periods.

2 weeks ago

ahbah

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

2 weeks ago

ahbah

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

2 weeks ago

ahbah

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.

1 week ago

ahbah

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.

1 week ago

ahbah

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.

1 week ago

ahbah

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.

1 week ago

ahbah

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.

1 week ago

ahbah

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

1 week ago

ahbah

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.

1 week ago

ahbah

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.

1 week ago

ahbah

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.

1 week ago

ahbah

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

1 week ago

Musang King

True.

1 week ago

masterus

Reports suggest US has ‘preliminarily discussed sanctions on some Chinese banks’ over their trade with Russia
Analysts say moves to remove China from the Swift interbank financial system could create a ‘huge problem’ for global trade

1 week ago

masterus

In the future, will the US seize the whole China foreign exchange reserves like what did to Russia? Borrow money and do not need to pay back the money with interest rate.

1 week ago

masterus

No imminent US sanctions on Chinese banks for their trade with Russia: Janet Yellen
But American treasury secretary says the policy option is something Washington ‘would be prepared to use if necessary’
Yellen’s remarks come as top US diplomat visits China and both sides scale up official contacts to keep relations from fraying

2 days ago

masterus

China’s US Treasury Holdings Becoming ‘Hostages,’ Academic Warns

2 days ago

Musang King

Possible, masterus. US may stop paying China for the balance of their Treasury Bonds held in the US but it will trigger a WW3 either started by US first or other of US Allies. Look at how US using Taiwan, Ukraine, Israel, Philippines, India, and many others to fight a war. US currency keeps going up while everybody's currencies keep falling at US's expense. It is possible that US takes this opportunity to sieze and stop the Chinese from withdrawing more of its Treasury Bonds. Afterall USA has no more money themselves than to print more money through QE.

1 day ago

Musang King

GOLD is King then if WW3 started.

1 day ago

Musang King

Remember, China did failed to pay Trillions of GOLD LOAN BONDS during the WW1 when China was so poor then. Until now, those Chinese Treasury Bonds are still unpaid and un-redeemed even that China is so Rich now. Maybe , USA is using this as one of the reasons to pressure China to pay up those DEFAULTED TREASURY BONDS and OFFSET them against the US Current Treasury Bonds due and payable. Everything is possible.

1 day ago

masterus

African and Middle Eastern Nations Withdraw Gold Reserves Amid American Economic Concerns

ByJillian Bennett
APR 24, 2024

22 minutes ago

masterus

In a move reflecting growing concerns over the stability of the American economy, several African and Middle Eastern nations have begun withdrawing their gold reserves from the United States in recent months. This trend marks a significant shift in global economic dynamics and underscores the increasing skepticism among nations regarding the traditional safe haven status of the US dollar and American financial institutions.

The decision to repatriate gold reserves is not merely symbolic; it reflects a deeper unease among these nations about the trajectory of the American economy. Among the countries taking such actions are Nigeria, South Africa, Ghana, Senegal, Cameroon, Algeria, Egypt, and Saudi Arabia, each representing crucial regions in Africa and the Middle East. Their actions are prompting questions about the future of the US dollar as the world’s primary reserve currency.

22 minutes ago