Continued expectations for interest rate cuts are fueling multiple bullish factors for gold prices! How to earn "steady happiness" through etf?
Under the dovish remarks of Fed Chairman Powell and a series of bullish economic data, yesterday's gold futures price rose back to $2360, while analysts pointed out that the 'Trump trade' would drive global investors to turn to gold. And in Citigroup's view, next year's gold price is expected to break through the $3000 mark.
Royal Gold to Participate in the Renmark Financial Communications Virtual Non-Deal Roadshow Series on Wednesday, July 17, 2024
Royal Gold, Inc. (NASDAQ:RGLD) (together with its subsidiaries, "Royal Gold" or the "Company," "we" or "our") announced today that management will present in the live Virtual Non-Deal Roadshow Series hosted by Renmark
Gold outlook for the second half of 2024! World Gold Council: closely focusing on the trends of 4 key catalysts...
According to the World Gold Council, gold will seek new power technology in the second half of 2024, with the decline of interest rates in developed markets as a key catalyst.
"Trump 2.0" fears are approaching! Will gold be a direct beneficiary?
Historical data has shown that if Trump returns to the White House, global investors may turn to gold...
Royal Gold To Go Ex-Dividend On July 5th, 2024 With 0.4 USD Dividend Per Share
July 2nd (Eastern Time) - $Royal Gold(RGLD.US)$ is trading ex-dividend on July 5th, 2024.Shareholders of record on July 5th, 2024 will receive 0.4 USD dividend per share on July 19th, 2024. The ex-div
From Bold to Boring
After a rollicking spring rally, gold has settled into a trading range that seems typical for a summertime slowdown. One indicator is now pointing toward a big surprise soon, however.
What happened? Everyone is rushing to withdraw gold reserves from the USA.
Even African countries no longer dare to store their gold in the USA, highlighting the importance of holding physical gold due to the trend of gold repatriation.
Gold price just fell below $2,330! The gold market is focused on two big events. FXStreet senior analyst analyzes gold technique.
On Tuesday, the spot gold experienced a short-term decline during the Asian market session, and the gold price just fell below the key level of $2330/ounce. On this trading day, gold traders will focus on the speeches of Federal Reserve Chairman Powell and the US JOLTS job vacancy data.
Silver steals the show in the second quarter! Is it possible to reach a new peak of $50 this year?
Silver's ROI in the second quarter of this year exceeded that of the US stock market, gold, and copper. Analysts expect it to further appreciate.
Prepare for the big gold market! The heavyweight data highly focused by Powell and the Federal Reserve is coming. How to trade gold price?
During the intraday session on Tuesday, July 2nd, spot gold maintained a moderate upward trend. Currently, the gold price is around $2334 per ounce.
Expectations of interest rate cuts are putting pressure on gold and copper again, waiting for this week's PMI data to provide guidance.
Last week's released overseas macro data remained relatively weak, while Fed officials' statements were relatively hawkish, especially Federal Reserve official Bowman pointed out the possibility of interest rate hikes, which put pressure on the market, causing the US dollar to further strengthen against other currencies. This week, there will be intensive release of Euro-American PMI data, which will be a good guide for the market.
Gold Weekly Review: Interest rate cut prospects are clearer, but the market remains cautious. Independence Day partnering with non-agricultural data could disrupt investment layout.
Spot gold maintained a volatile consolidation this week, opened at $2321.88/ounce, peaked at $2339.79/ounce, bottomed out at $2293.69/ounce, and finally closed at $2326.72/ounce. The trend of the US dollar continues to dominate the recent gold trend. And the Fourth of July in the United States will make next week's economic data unusual, and important releases will be compressed on both sides of the holiday.
[Kitco Gold Survey] Wall Street will remain on the sidelines next week, while retail investors have mixed views on the outlook for gold prices.
The gold market continues to be dominated by slow stability, and the price of gold is trading within a narrow range between $2300/ounce and $2340/ounce. The latest Kitco News gold weekly survey shows that most industry experts plan to observe next week, while individual investors have differing opinions on the short-term outlook for gold.
Gold prices slightly fell with a cumulative increase of over 12% in the past six months, as inflation data helped to boost hopes of interest rate cuts for the rest of the year.
On Friday, June 28th, spot gold fell by 0.05%, closing at $2326.31 per ounce. After the US PCE inflation data release, it reached a daily high of $2339.76 per ounce at 21:09 Beijing time. It fell by about 0.10% in June and rose by over 12.78% in the first half of 2024.
Here's why the price of gold suddenly surged nearly $30! Will the US PCE inflation ignite the situation? How will gold move?
On Thursday, the expectation that the Federal Reserve will begin to cut interest rates this year due to weak economic data put pressure on the US dollar and sent spot gold up nearly $30. Phillip Streible, chief market strategist at Blue Line Futures, said some of the data that has been released supports the gold market, basically due to wholesale inventories lower than expected, final GDP significantly declining, lowering the US dollar index and boosting gold prices. On Friday, investors will welcome the heaviest economic data of the week - US PCE inflation data, which is expected to trigger a major market reaction.
BMO raises forecast: Gold price is bottoming out, gold and silver will rise before the end of the year!
Analysts say that gold is returning to the global currency system and this will be a long-term trend for the next decade.
Expert Outlook: Royal Gold Through The Eyes Of 4 Analysts
Providing a diverse range of perspectives from bullish to bearish, 4 analysts have published ratings on Royal Gold (NASDAQ:RGLD) in the last three months.The following table summarizes their recent ra
Royal Gold Is Maintained at Underperform by B of A Securities
Royal Gold Is Maintained at Underperform by B of A Securities
B of A Securities Maintains Underperform on Royal Gold, Raises Price Target to $131
B of A Securities analyst Michael Jalonen maintains Royal Gold (NASDAQ:RGLD) with a Underperform and raises the price target from $129 to $131.
Royal Gold Analyst Ratings
Date Upside/Downside Analyst Firm Price Target Change Rating Change Previous / Current Rating 06/26/2024 4.92% B of A Securities $129 → $131 Maintains Underperform 05/23/2024 18.53% Scotiabank $144 →