Rick Rule predicts gold prices will surge as the dollar loses value. Citing unsustainable government debt and negative real interest rates, he urges investors to consider precious metals.
"A simple regression analysis shows that over the period since early 2024, gold has turned into a momentum trade, which appears to be backed less by fundamentals and driven more by momentum," wrote Societe Generale researchers and strategists in a note last month.
Have you ever thought, "I'd give my eye-teeth for some money?" Apparently, some people in the United Kingdom have gotten to that level of desperation.
All the economic uncertainty from surrounding tariffs has made the stock market a roller coaster ride, but that’s not the case when it comes to gold which has just hit its highest price ever. Walk down main street in many towns and it seems every shop wants to buy your gold.
Gold continued to hit new highs as investors flocked to the safe-haven asset amid fears of a trade war and stagflation.
Gold price closes in on the $3,150 psychological mark in Asian trading on Tuesday, extending its record rally. Gold buyers eagerly await the US announcement of “reciprocal tariffs” on Wednesday for a fresh directional impetus. In the meantime, tariff updates and top-tier US data will likely keep them entertained.
As gold prices jump to successive highs, jewellers across Asia and the Middle East are grappling with displays losing their sparkle as customers race to cash in their old jewellery and coins.
Gold Price Today: The price of 24-carat gold climbed Rs 10 in early trade on Tuesday, with ten grams of the precious metal trading at Rs 91,920 according to the GoodReturns website. The price of silver also fell Rs 100, with one kilogram of the precious metal selling at Rs 1,03,900.
Gold prices rose in India on Friday, according to data compiled by FXStreet. The price for Gold stood at 8,457.70 Indian Rupees (INR) per gram, up compared with the INR 8,409.01 it cost on Thursday. The price for Gold increased to INR 98,648.94 per tola from INR 98,081.01 per tola a day earlier.
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