The week began with Goldman Sachs projecting $3,000 gold by 2025. This forecast aligns with predictions from several other analysts in recent months. Why is $3,000 gold on the horizon? Unfortunately, the factors that pushed gold to record highs in 2024 seem unlikely to subside in 2025 and, for many, may even worsen. This reminds […]
What will AI do to life as we know it? This is the question dominating so many platforms at the moment. From company boardrooms to government debates, the power of AI is something that is scaring and impressing in equal measure. So it was with interest when I spoke to James Rickards about his new book, […]
What has President Trump’s victory done to gold and silver? Well, gold and silver both took a pretty big hit yesterday but this is a ‘news driven move’ according to my guest this week on GoldCore TV. Chris Vermuelen joins us this week, and what a great time to have him on. I asked him if the US […]
How much higher will gold go? Yesterday it was within striking distance of $,2800, and whilst it may have pulled back earlier on today on the back of some technical selling, we believe the next week could hold yet more new highs. The coming days will be pivotal for shaping the future of risk sentiment and consumer […]
Earlier on today, the ECB announced the latest interest rates decision. In line with expectations they cut rates across the board by 25 basis points. At the time of writing gold is at record highs against the Euro. Across the pond it is within touching distance of $2,700 on the bank of US jobless claims […]
Towards the end of last month gold futures passed the giddy heights of $2,700. This move signalled a 42% rise in the price of gold since October 2022. And it wasn’t a gradual climb either in the 6 weeks or so before it had climbed from $2,400. Since then gold has experienced a small correction, […]
Earlier today data on US benefit payments was released and whilst it was weaker than previously, gold did not appear to really respond. Gold appears to have settled itself into a new holding pattern at these elevated levels, so disinterested it appears to be in economic releases. However, we will see what happens tomorrow when Non-Farm Payrolls data […]
What a week. At the time of writing gold is around $2,670 having pulled back slightly better than expected US consumer data. This morning December gold futures hit $2,708. And to think that just three weeks ago Goldman Sachs were saying we might see $2,700 gold next year. Silver continues to delight, reaching the highest price level […]
It has felt like we have been talking about the Federal Reserve rate cut for months and months. Finally we have something to say about it: The Fed decided to cut rates, and they cut rates by 50 basis points. Gold responded in true form and touched another record high. At the time of writing gold […]
Earlier on today the European Central Bank announced a 25 basis point cut as they press on with their plans to bring interest rates down. This move surprised absolutely no one. In response gold has been testing new highs against the euro. At the time of writing it looks like it could push through April’s all-time high. Elsewhere, gold has been testing […]