Europe is also hoarding gold! Will the central bank's gold buying spree not easily come to an end?
Gold is becoming increasingly popular in Central and Eastern Europe, and this European country plans to increase its gold reserves by about 10 times.
Express News | Morgan Stanley: Supply shortages may continue to push up silver prices.
Gold Price Inches Higher as Powell Signals Patience
Gold prices rise above $2,360 after Powell’s Senate testimony indicates a cautious approach to rate cuts.
What did Powell say? Short-term gold fluctuations have widened to $15, while the dollar and US stocks remain on the rise.
On Tuesday, July 9th, Federal Reserve Chairman Powell warned in his prepared testimony for a Senate hearing that too little or too late interest rate cuts could put the economy and labor market at risk.
Powell plays the 'balance card', gold fluctuates by over $15 in the short term!
Powell's speech seems quite balanced, and traders expect the Fed to cut interest rates by 25 basis points twice in 2024.
[Live coverage of the Asian market] Did China's central bank's move equivalent to a rate hike? Today, we closely watch Powell's testimony, waiting with bated breath after the plunge in gold prices.
On Tuesday, July 9, most Asian stock markets rose, following another historic high of the S&P 500 index, while traders awaited Jerome Powell's testimony to Congress and the start of the US earnings season.
Is this round of gold bull market not over yet? ING Netherlands: will continue until the end of 2024.
①ING analysts pointed out that due to continued global geopolitical concerns as well as macroeconomic influences, gold prices are expected to rise further; ②Some analysts believe that the prospect of rate cuts by the Federal Reserve has boosted gold prices, and the record-breaking upward trend of gold prices is expected to continue until the end of 2024; ③In addition, the demand for central banks to buy gold is expected to increase, which will keep gold in a positive position.
Integra Receives Final US$4.9-Million Payment From Wheaton Precious Metals for DeLamar, Royalty
Integra Resources (ITR.V) said Monday it received the final instalment of US$4.88 million from Wheaton Precious Metals (WPM.TO) for a 1.5% net smelter returns royalty on metal production from all cla
Integra Resources Corp. Receives Final Cash Installment Of $4.875M In Connection With Royalty Transaction Between DeLamar Mining Company And Wheaton Precious Metals
Integra Resources Corp. Receives Final Cash Installment Of $4.875M In Connection With Royalty Transaction Between DeLamar Mining Company And Wheaton Precious Metals
Integra Resources Brief: Announcing Receipt of Final Cash Installment of US$4.875 From Wheaton Precious Metals In Connection With Delamar Royalty Sale
04:09 PM EDT, 07/08/2024 (MT Newswires) -- Integra Resources Brief: Announcing Receipt of Final Cash Installment of US$4.875 From Wheaton Precious Metals In Connection With Delamar Royalty Sale
Why Wheaton Precious Metals (WPM) Is Poised to Beat Earnings Estimates Again
Update: National Bank Notes Osisko Gold Royalties Preliminary Q2 Sales Below Estimates
Osisko Gold Royalties (OR: TSX & NYSE) said Monday that it earned 20,068 attributable gold equivalent ounces in the second quarter.The company recorded preliminary revenue from royalties and streams o
Precious Metals Continue to Grow – TDS
Precious metals continued to perform well in a holiday-shortened week, TD Securities Senior Commodity Strategist Ryan McKay notes.
BofA Securities Maintains Wheaton Precious Metals(WPM.US) With Buy Rating
BofA Securities analyst Lawson Winder maintains $Wheaton Precious Metals(WPM.US)$ with a buy rating.According to TipRanks data, the analyst has a success rate of 53.0% and a total average return of 1.
Bank of America Securities Reaffirms Their Buy Rating on Wheaton Precious Metals (WPM)
Silver Price Analysis: Silver Probably Rising in C Leg of Measured Move
Silver (XAG/USD) has decisively broken out of the descending channel it was in during the second half of May and June.
The People's Bank of China has suspended gold purchases for two consecutive months, and the spot gold price still reached a high of $2390 per ounce. With the failure of the "barometer", how will the gold price go?
On July 7th, the updated official reserve assets by the State Administration of Foreign Exchange showed that China's official gold reserves in June 2024 remained unchanged at 72.8 million ounces, indicating that the People's Bank of China had paused gold purchases for two consecutive months. Overall, there has not been a significant decline in the investment force in the gold market recently. There are two main risks for gold: one is the Federal Reserve policy risk and the other is the failure of central bank gold purchases to meet expectations.
Express News | China Securities Co., Ltd.: The expected number of interest rate cuts in the United States within the year has been revised to 2 times, which is conducive to pushing up the prices of metals.
Huaxi Securities: Gold is currently in a long upward cycle and if the price falls in the future, it is expected to drive central banks around the world to purchase gold again.
According to a strategy research report from Huaxi Securities, in the long term, gold is in a large upward cycle. Firstly, in recent years, the scale of US debt has been expanding at an accelerated pace, and the pressure of interest payment continues to rise. After the conflict between Russia and Ukraine, the United States imposed financial sanctions on Russia, which has impacted the credibility of the US dollar. Due to concerns about the risk of US dollar credit and US dollar assets, central banks worldwide continue to increase their gold reserves.
The central bank continues to suspend shareholding of gold!
On July 7th, the official reserve assets updated by the State Administration of Foreign Exchange showed that in June 2024, China's official gold reserve was 72.8 million ounces, unchanged from the previous month, and has suspended the shareholding of gold reserves for two consecutive months.