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Newmont Newsroom
Wall Street is in agreement: gold is expected to rise above $3000!
Bank of America believes that gold is the best hedging asset. Goldman Sachs points out that since the outbreak of the Russia-Ukraine conflict, global central banks' demand for gold has quadrupled. Morgan Stanley believes that the impact of gold ETFs, central banks, and individual investors' positions in the futures market on the price of gold continues to increase. Citigroup also points out that currently, the overall demand for gold investments, including public and private investments, remains at historically high levels, putting upward pressure on the price of gold.
Iran is preparing to launch a large-scale retaliatory strike against Israel "in the coming days"!
Israeli officials revealed that a large-scale retaliation by Iran may occur before the USA election day, and Iran's response will be unimaginable for Israel.
Be careful! Tonight's non-farm may be seriously "distorted", is the gold rally unlikely to end?
At 20:30 Peking time, the usa will release the October non-farm payroll report. The market expects that severe hurricanes and major labor strikes may lead to a significant decrease in new employment in October, making it the slowest month of employment growth in nearly four years, but the unemployment rate will remain stable.
Encountering the largest single-day drop since July! Has gold been caught in a "tug of war"?
Is the current pullback in gold prices normal, or does it indicate a deeper and longer consolidation?
Investors 'cash in' on the eve of the US election, gold suffers a significant pullback.
Gold futures prices fell significantly by about $50 per ounce from the previous trading day's record high.
China Securities Co.,Ltd.: What are the common driving and ending signals for the simultaneous rise of US stocks and gold?
CBO predicts that the potential labor productivity in the usa will reach a low point in 2025. Combining the institutions' determination that the usa's fiscal expansion model is difficult to sustain, the usa's output gap will turn downward in 2025, and the simultaneous rise of US stocks and gold may come to an end, eventually leading to a wave of resonant adjustments.
Gold prices suddenly plummeted, do not be afraid! Wall Street bigwig Schiff: the "explosive rise" of gold this year has just begun.
On Thursday (October 31), gold suddenly experienced a sharp pullback, but Wall Street tycoon and director of SchiffGold, Peter Schiff, claims that this year's "explosive rise" in gold is just the beginning, predicting that the upcoming inflation and economic turmoil will drive a historic rebound in gold.
What happened? Gold 'frightened' and broke through the 2750 barrier!
The latest data has not confirmed that the anti-inflation struggle has ended, and some analysts are worried that the Federal Reserve will press the pause button after cutting interest rates by 25 basis points next week. Nevertheless, is gold just experiencing a technical adjustment?
Gold Bulls Make Handbrake Turn After Reaching Milestone High
Newmont Seeks To Extend Largest Australian Mine Until 2050
Middle East sudden ceasefire news! The short-term gold price plummeted below $2780, as heavyweight US data is approaching, how to trade gold?
#Middle East Situation##Gold Technical Analysis# 24K99 News Thursday (October 31) early European session, spot gold suddenly experienced a sharp short-term drop, with the price just falling below the $2780/ounce level; during the Asian session, the price once touched a record high of $2790.11/ounce.
"US Treasury bonds fall, gold is full"! What miraculous medicine does the gold, which keeps hitting new highs, have?
①As the spot gold price rose further to the $2790 level on Wednesday, it is now approaching the $2800 integer level; ②According to analyst Lina Thomas from goldman sachs, the inverse correlation between gold and the 10-year real interest rate is already clearly broken.
Gold bulls ready! This scene is expected to stimulate gold prices soaring to $2,800, the latest gold trading analysis from a well-known institution.
On Thursday afternoon in the Asian market, spot gold was trading near $2785 per ounce; during the Asian market session, the price of gold once touched $2790 per ounce, hitting a record high. According to Economies.com, if the gold price breaks through the resistance level near $2790 per ounce, this will pave the way for gold to rise to the key level of $2800.00 per ounce.
The most favored inflation data by the Federal Reserve is coming! Will gold aim to break through the key level of 2800 tonight?
Both the market and the Federal Reserve are in a "tricky position"! Be careful of tonight's data potentially overturning the number of interest rate cuts by the Fed this year...
Gold continues to hit new highs, should we be careful now?
Analysts say that despite gold recently hitting new highs, the upward trend may pause until a clearer correction occurs.
Gold trading reminder: usa PCE data may trigger a major market movement! FXStreet Chief Analyst analyzes the technical prospects of gold prices
In Thursday's Asian market session, spot gold was trading at $2788 per ounce, hitting a record high earlier. FXStreet's chief analyst Valeria Bednarik wrote that despite being overbought, the price of gold still maintains a bullish momentum, with $2800 per ounce within reach. The United States will release the September PCE Price Index on Thursday.
UBS Group: Production and cost risks coexist, downgrading the ratings of Newmont (NEM.US) and Barrick Gold (GOLD.US).
UBS Group downgraded Newmont and Barrick Gold from buy to neutral, with target prices of $54 and $22, respectively.
Gold skyrocketed 34% this year to hit a new high! Experts warn: usa may face a deep pullback after the election.
On the eve of the usa election, the price of gold continues to hit record highs.
It's been soaring all the way! Spot gold continues to hit new historical highs, less than ten dollars away from the $2800 mark.
①Spot gold once rose above the $2790 level, reaching a high of $2790.01 per ounce, continuing to hit a new historical high; ②The CME's "FedWatch" tool shows that the market expects over a 96% chance of the Fed cutting interest rates by 25 basis points on November 7th.
Biden's astonishing remarks, news of a ceasefire in the Middle East! Gold price soared to $2,790, hitting a new all-time high. How to trade gold?
On Wednesday, due to the uncertainty of the US presidential election boosting safe-haven demand, the price of gold soared to $2790 per ounce, hitting another historical high. Senior market strategist Daniel Pavilonis from RJO Futures said: "There are too many factors that can drive the gold price higher, all negative news is the fuel needed to push the gold price up, next step might climb to $2850 per ounce."