Following a blockbuster Q3 earnings report from Newmont that highlighted rising costs amid record revenue, the World Gold Council released a report Monday on the trend of costs experienced by mining.
Cathie Wood said the divergence of base metal prices from gold could be pointing to signs of extreme economic weakness.
WGC reports a marked increase in gold demand over the past year, leading to a rise in prices.
China's futures traders drove a remarkable $400 surge in gold prices this past spring, and now they are positioned to propel it to $3,000 and beyond.
Amidst a $750 billion banking crisis, could backing U.S. Treasury bonds with gold provide stability? A bold proposal suggests revaluing gold to $40,000/oz and returning to partial gold-backing system
Gold hits new highs, while silver surges to $35, marking a 12-year peak. With central banks buying gold and industrial demand boosting silver, this rally reshapes the market amid global uncertainty.
Longtime economic commentator believes the West should be paying more attention to adversaries
Silver surges past $33, gold hits record high. BRICS hints gold-backed payment system. Economic uncertainties fuel precious metals rally. What's next for investors?
Goldman Sachs predicts a historic milestone for gold: prices could surge to $3,000 by 2025. Is now the time to invest?
Gold hits record high at $2,696.62 amid global uncertainty. Geopolitical tensions, U.S. election, and Fed easing fuel surge. Investors flock to gold as safe haven.
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