In recent weeks, we’ve seen gold hitting new record highs. This surge in gold price has been fuelled mainly by investors’ anticipation of interest rate cuts. Lower interest rates reduce the opportunity cost of holding gold compared to interest-bearing assets. Gold also serves as a hedge against potential currency depreciation making gold more attractive to investors seeking to preserve purchasing power. Evidence of this trend is apparent in the recent activity observed in the COMEX gold futures market. Data reveals a significant increase in open positions, with investors actively adding to their gold holdings. GTN offers institutional investors access to Shariah-compliant gold through Dubai Gold & Commodities Exchange (DGCX) and Loco London gold trading from London Bullion Market Association (LBMA). For asset managers and institutional investors seeking to capitalize on gold price dynamics, please feel free to connect. #gold #trading #assetmanagement #wealthmanagement #investment #privatebanking https://lnkd.in/d2UhMCET
Mark Josam Quiñones’ Post
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"If we consider an interest rate of 53% on a term deposit in Turkey, #gold has yielded a return of 58% in gram terms over the past year. Currently, investing in gold appears more profitable. If there is a sudden surge in the USD/TRY exchange rate, this rate seems likely to increase even further.
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#gold premiums on the Shanghai Gold Exchange (SGE) have been traded sharply higher this week (5-day Moving average up 21.5%) closing at $35.5 per ounce above #LBMA benchmark yesterday (2024 average at $38.85) #china #preciousmetals #commodities #goldinvestments #gold #investment #buygold #goldbars #goldinvestment #goldseller #goldbar #goldbullion #sellgold #goldbuyer #goldcoins #preciousmetals #investingold
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Gold prices reached a record high of $2,500 an ounce, up from $2,465 last Monday. Citi analysts forecast a target of $3,000 per ounce by mid-2025, with a Q4 average of $2,550. China's recent gold purchase quotas may have contributed to the recent price surge. Keep reading: https://hubs.li/Q02LJC880 #marketalert #gold #goldinvesting #spotprice
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#gold extends its decline for a second day in #china down -1.85% from yesterday Shau PM fixing at 545.87 yuan per gram, a two-week low. Gold premiums remain resilient holding above 2024 average at $43.2 per ounce or 1.88% above #LBMA benchmark (estimated data) See the latest updates here: https://lnkd.in/g5Uz7Qjf #preciousmetals #commodities #goldinvestments #gold #investment #buygold #goldbars #goldinvestment #goldseller #goldbar #goldbullion #sellgold #goldbuyer #goldcoins #preciousmetals
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The NBP bought 18.7 tons of gold in Q2 this year, becoming the world's largest buyer of bullion, ahead of India and Turkey. This is not the end! Poland wants to reach a 20% share of gold in reserves, increasing it from the current 14.7%. Meanwhile, the price of an ounce of gold recently climbed to a record high of $2,500 and may remain there at least until the end of this year – estimates Grzegorz Dróżdż, CIIA®, analyst at Invest.Conotoxia.com. https://lnkd.in/d-e7x6KS CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 79,03% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Trading on CFDs is provided by Conotoxia Ltd. (CySEC no.336/17), which has the right to use the Conotoxia trademark.
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This month, we have seen a consolidation in the market despite the price of gold surging by 13% this year. As shown in the chart below (latest update: 24-06-28). For more insights, stay tuned for July’s monthly letter, which we will post next week. Not a subscriber yet? Don’t miss out on anything from AuAg Funds! Subscribe to our monthly letter through the link in the comments 👇 #bullmarket #auauggoldmining #goldprice
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Senior Sales Associate | Precious Metal sales & specialist/Luxury Investment Business-to-Business (B2B),
Gold price heads towards more historical highs. It's time to invest. #GlobalGoldMarket #GoldInvestment #BuyGold #GoldTrading #GoldBullion #PreciousMetals #GoldForSale #GoldDealer #GoldBars #GoldCoins #GoldMarket #GoldPrice #GoldInvestors #InvestInGold #GoldWealth #SafeHavenAsset #GoldJewelry #PreciousMetalsInvestment #GoldAndSilver #GoldAssets
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🚫 "Price of gold could hit $2,600 an ounce as US rate cut expected - The Times" 🚫 🔴 #GoldPriceForecast #USFederalReserve #InvestmentOpportunity Hey everyone, have you heard the latest news about the potential surge in gold prices? According to The Times, the price of gold could reach a staggering $2,600 per ounce with the anticipated US rate cut. This presents a significant investment opportunity that shouldn't be overlooked. Stay informed and seize the potential benefits in this evolving market! #GoldInvestment #FinancialNews #MarketInsight https://ift.tt/Nncky94
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The price of 24K gold crossed the ₹80,000 mark on Tuesday, reaching ₹80,070 per 10 grams after an increase of ₹430. The price for 100 grams of 24K gold rose by ₹4,300, totaling ₹800,700, according to the news outlet goodreturns.in. #GoldPrice #24KGold #Investment #SafeHaven #GeopoliticalTensions #FinancialNews #IndiaEconomy #GoldInvesting #MarketTrends #GoldJewelry #EconomicUncertainty #GoldRally #Northnews
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