After a week of intense volatility and heavy losses, gold and silver prices recorded a modest recovery during Asian trading on Friday, supported by bargain buying from investors. However, silver continued to lag behind and was on track to post a sharp weekly decline of around 14%, after losing most of its recent gains. Gold,…
Rising tensions between the United States and Iran have boosted demand for safe-haven assets, pushing gold prices higher during Asian trading on Wednesday. After last week’s sharp decline of over $1,000, gold rebounded as investors continued buying at lower levels. Reports that the US shot down an Iranian drone in the Arabian Sea and that…
Gold and silver are currently attracting significant investor attention due to high prices and fears surrounding inflation, geopolitics, and currency risks. However, this surge in interest is often a late-cycle behavior where assets perceived as safe become crowd-driven momentum trades, diminishing their protective qualities. Unlike income-generating investments, gold and silver’s value is contingent on future…
Gold is on track for its best month since 1982, driven by increasing expectations that a hawkish chairman might be appointed to the Federal Reserve. Although gold prices fell by more than 4% on Friday due to these rumors, geopolitical and economic uncertainty led investors to seek gold as a safe-haven asset, propelling it towards…
Following reports that the US President might launch a new attack on Iran, the price of gold surged to a record high on Thursday. An ounce of gold reached nearly $5,600. Due to increasing political tensions worldwide, people have started investing more in safe-haven assets like gold and silver. As a result, the prices of…
Gold surpassed the $5,500 per ounce mark for the first time on January 29, reaching an all-time high of $5,584 in the international market, before settling around $5,519, reflecting a 4.06 percent increase from the previous close. This surge was driven by the US Federal Reserve’s decision to maintain interest rates unchanged amidst ongoing geopolitical…
At the end of January, attention turned to the US Federal Reserve’s policy and the Union Budget set to be released on February 1, both of which may impact market volatility and currency fluctuations, according to analysts. In the midst of this, gold prices have been experiencing unprecedented highs, although there was a notable sell-off…
The price of gold, which had reached a historic high of around $4,900 per ounce in the previous trading session, remained largely stable in the Asian market on Thursday. This was mainly due to the U.S. President backing down from his earlier strong warnings regarding tensions over Greenland and imposing tariffs on European countries. This…
Gold prices in Asian trading on Monday surpassed $4,700 per ounce, reaching an all-time high, following the US President’s imposition of new trade tariffs on eight European countries in connection with his attempt to purchase Greenland. This decision provoked strong condemnation from European politicians. As a result, investors sought refuge in precious metals. On Monday,…
Gold prices rose in Asian trading on Monday following a US military operation in Venezuela and the arrest of President Nicolás Maduro. Venezuela possesses the world’s largest oil reserves, but years of sanctions and underinvestment have severely hampered production. The US actions increased uncertainty regarding the country’s short-term crude oil supply. For gold, this increased…
