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Showing posts with the label gold prices

Exclusive: Analyst Explains Why Gold Prices Are Rallying in 2024

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Gold prices are skyrocketing in the charts this year in 2024 printing new all-time highs every week. Investors who took an entry position in  GOLD early this year made heaps of profits in a short period. The XAU/USD chart shows Gold Prices at the 2,382 level with a spike of four points in a day. That’s a surge of 0.14% during just the opening bell on Friday. Also Read: Warren Buffett Earns $6 Billion From Dividends in 2024 Source: Investing.com Julia Khandoshko, CEO of the European stock brokerage Mind Money explained exclusively to Watcher Guru why gold prices shot up in 2024. Khandoshko explained that not just retail investors, but institutional funds and even governments across the world are on a gold buying spree. Retail Investors, Funds & Governments Are Buying Gold in 2024 Driving Up Prices, Analyst Explains Source: ShutterStock Gold prices are looking to climb above the $2,5...

Gold Prices Dip: Why Is The Precious Metal Falling?

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Gold prices went south this week hitting the $2,150 level. The precious metal could slip further if the Commodity Markets fail to recover this week. The XAU/USD chart shows GOLD prices falling by nearly 4 points and dipping by close to 0.20%. This week has been harder for commodity investors as both GOLD and oil prices remained in the red. Also Read: US Dollar Trounces Gold & Other Local Currencies Source: Investing.com Brent Crude is down by 0.88 points leading it to slump more than 1%, as its price fell to $86.48 on Wednesday. In addition, crude oil dipped 1.14% losing its value by 0.94 points and falling to $81.76. Therefore, commodities like gold and oil are printing losses this week making investors lose money. So why are gold prices falling? In this article, we will highlight why gold and commodities like oil and gas are dipping in price. Also Read: Goldman Sachs Predicts the Future of the Cryptocurrency Market Why Are Gold Prices Falling? Source: Dai...