AAAU

Gold powers higher on renewed rate cut hopes, Middle East uncertainty

Gold futures rise 1% on renewed hopes for U.S. Interest rate cut hopes, Middle East uncertainty. The metal's first back-to-back weekly losses since February. Goldman Sachs says it continues to expect two rate cuts this year, in July and November. April's private sector added jobs in April at slower pace than expected. Gold also enjoys support from ongoing Middle East tensions.

The Golden Dilemma: Will Gold's Overvalued Status Hold Against Inflation?

Gold is currently overvalued in relation to inflation, according to new research. The price of gold dropped by over 24% from 2013 to 2015, despite declining interest rates. The relationship of gold to inflation and interest rates is complex and influenced by various factors. Anthony Bradshaw says gold is expected to rise to a cyclical high in April 2024.

Weekly Report: what happened at AAAU last week (0429-0503)?

Gold down for second straight week but Goldman sees rebound later this year

Gold down for second straight week but Goldman sees rebound later this year. Gold closed its first back-to-back weekly loss since February. Investors appeared to take profits as Middle East tensions eased. Goldman Sachs says gold should still rebound to $2,700/oz by year-end.

Gold Demand Trends Q1 2024

Q1 gold demand slipped 5% y/y to 1,102t, due to continued ETF outflows. Central banks and OTC drove price. Total gold demand increased 3% in Q1 – the strongest first quarter since 2016. The LBMA gold price averaged a record US$2,070/oz in the first quarter. Technology demand for gold recovered 10% in the electronics sector.

Is The Comex Showing An Impending Price Spike In Silver?

April is a major delivery month in gold and silver. The CME Comex data suggests there is a lot of interest in physical silver right now. The data is looking similar in silver this month. The Comex report last month showed strength in gold before a pullback in the price.

World gold demand rises in Q1 despite record-high prices - WGC

Making The Most Of The New Gold Cycle