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The war in the Middle East would favor this trend. In a month, there will be elections in the United States. The situation for the markets has changed this week with Iran’s attack on Israel that fueled geopolitical tensions. This is something that can benefit assets like gold and bitcoin (BTC), according to analysts at…
With the arrival of the price of gold to a new historical maximum last week, above 2,685 dollars (USD) per ounce, expectations about its continuity have grown. “We raise our forecasts for gold to USD 2,750 per ounce by the end of 2024,” he said in a report the Swiss investment bank UBS. This is…
The price of gold has had a huge rise in 2024. According to technical analysis metrics interpreted by specialists from ‘The Kobeissi Letter’, this has taken gold to an “extreme” level that has been rarely seen in the history of gold trading. this precious metal. The aforementioned analysts they explain that The price of gold…
In a context in which economic uncertainty predominates, investments in gold have reached unusual levels in recent months, to the point of leading the precious metal to set new historical highs and become the star of the market. In this way, rumors of a possible recession seem to be pulling hidden strings, despite the optimism…
Key facts: Both gold and bitcoin have merits as stores of value and investment. Bitcoin emerges as a modern alternative, with great growth potential. In the midst of the uncertain economic outlook that has characterized 2024, investors have been observing how they make their choices between two important assets: gold and bitcoin (BTC). In a…
Gold is not the only precious metal that shines in the financial markets. Silently, silver is also experiencing a significant rise in its price, amid growing fears of a global economic crisis. In times of uncertainty, investors often seek safe-haven assets to protect themselves from market volatility caused by inflationary pressures and geopolitical issues. As…
Key facts: The consumer confidence index fell to lower than expected levels. However, many analysts continue to show positive expectations for the economy. American consumer confidence has shown clear signs of deterioration in recent months, reflecting growing pessimism about the economy and the country’s financial future. According to “The Kobeissi Letter,” a financial analysis newsletter…
Key facts: The price of an ounce of gold is at an all-time high. Bitcoin, the “digital gold”, is also showing bullish movements. Gold has not stopped recording new all-time high prices this year. This reflects a sustained growing demand for the precious metal, something that usually occurs in times of economic uncertainty. “Gold is…
Gold prices hit a new all-time high (ATH) this week, breaking through the $2,660 per ounce barrier. Given that the precious metal is considered a safe haven asset, the price increase could signal that the market is anticipating an economic crisis. The ATH occurred after the The US Federal Reserve (Fed) will announce a reduction…
A perfect storm of events is driving gold higher. Read more Source link