We write to you as we approach the end of another record-breaking week. This was the week, of course, when gold proved its mettle and broke through the $2,500 ceiling. The ceiling is both technical and psychological. Why did the price push through $2,500? According to both the LBMA and the World Gold Council it is […]
It’s been a busy week of data releases, particularly from the US. July’s US inflation figures were highly anticipated; the data gave a boost to expectations that the Federal Reserve will cut rates in September. Earlier today we also saw the release of better-than-expected jobs data after the number of Americans filing new claims for […]
We write to you at the end of another eventful week. The gold price has had a notable one marked by economic data, policy decisions and geopolitical events. We have seen some safe haven buying following the assassination of a Hamas leader in Tehran which has increased the risk of major uptick in military action […]
It was another interesting start to the week this week, with the announcement from President Biden that he would no longer run for another term. We believe that this has significantly changed the dynamics of the US election, and judging by the markets’ reaction, we’re not the only ones who think so. The Presidential race is […]
Gold hit a new all-time high against the dollar this week, buoyed on by speculation surrounding Fed rates and the increasing likelihood of a Trump win. Let’s be honest, it was always going to be an interesting week given it began with the attempted assassination of a presidential candidate. Interestingly gold was down in overnight […]
Gold has continued to consolidate at higher levels this week, above $2,380 this morning and moving closer again to the psychological important $2,400 level. This is on the back of markets starting to price in an interest rate cut in the US for September. Data released on Thursday showed central banks are continuing to add […]
Why should you hold gold in 2024? In this video Jan Skoyles outlines the multifaceted benefits of investing in gold bullion. She emphasizes gold’s timeless appeal, symbolizing wealth and stability across millennia. Unlike paper currencies, gold holds intrinsic value due to its rarity and universal acceptance. It serves as a hedge against inflation, protecting purchasing […]
Happy Independence Day to all of those who are celebrating. On behalf of all at GoldCore, I would like to take a moment to wish you all a wonderful holiday filled with joy and celebration. Today, of course, US markets are closed on account of it being a federal holiday, making it a short week […]
The World Gold Council released their 2024 Central Bank survey, earlier this week. As we know central bank gold demand has been setting new highs in the last couple of years. Last year central banks added 1,037 tonnes of gold – the second highest annual purchase in history – following a record high of 1,082 […]
In this video, we bring you some highlights of past interviews where we discuss the importance of including gold in your investment portfolio for 2024. With economic uncertainty and market fluctuations, gold serves as a reliable hedge against #inflation and a safe haven asset during times of crisis. Find out why diversifying your portfolio with […]