Russell Calkins’ Post

Gold prices are soaring to record highs! The safe-haven appeal of gold remains robust amidst geopolitical uncertainties, with the most-active June contract for gold futures settling at $2,383 per ounce. Market analysts anticipate potential retaliatory actions, which could further escalate conflict and trigger increased gold buying, alongside a rally in oil prices and a stronger U.S. dollar. Despite adjustments in rate cut expectations, analysts remain optimistic about gold's future, with forecasts reaching $3,000 per ounce in the next 6-18 months. Goldman Sachs has revised its price target upward, underscoring confidence in gold's enduring bull market. Source: CNBC #GoldMarket #Invest #Finance #Gold

#Gold struggling near previous record high : #gold is trading a little lower this morning after bouncing higher once again in recent sessions. The yellow metal remains buoyed by very aggressive rate-cutting expectations, particularly in the US, but at the same time, it is struggling to generate fresh momentum around the prior record highs, near $2,070. We obviously saw a spike in early December well above this but the timing of the move and the speed with which it reversed it suggests the market was never fully behind it, so the prior highs continue to look like a significant psychological threshold. #goldinvestment #XAUUSD #XAUUSD_Trading #xauusdgold #XAUUSD_Signal #goldmarket #goldprices #goldstandard

Gold Drops Over 1% as Investors Book Profits; Focus on US Data July 25th, 2024 Gold slid over 1% on Thursday, falling to its lowest level in two weeks, as investors squared positions to focus on U.S. economic data that could offer additional insights into the timing of the Federal Reserve's potential interest rate cuts. Spot gold fell 1.2% to $2,369.29 per ounce by 1302 GMT, having touched its lowest since July 10. U.S. gold futures dropped 1.9% to $2,368.80. "Much like the pivot we are witnessing in the stock market, market participants may be shifting from gold to other areas... while profit-taking may also be playing a role," analysts noted. All precious metals saw sharp declines, reflecting the broader market trend.

Gold continues its upward trajectory, nearing the $2,100 mark. Market dynamics at play: https://ibn.fm/rZRb8 #GoldPrices #MarketUpdate #Investing

Almost seems like FUD. Pretty low expectations when the historical annual return of Gold is 7% since 1971. At the rate of Money Supply expansion and Central Bank buying this might just be a spectacular decade for Gold.

Coming off a streak of record-breaking highs, the price of gold appears to be entering a consolidation phase around an impressive $2,400 an ounce. Gold’s momentum is overcoming traditional negative correlations. As it settles into this new price range, gold is poised to resume its upward trajectory.

✨ Exciting news for gold investors! A 6% rise in gold prices is predicted over the next 12 months according to Goldmansachs. Time to seize the golden opportunity! #GoldInvesting #FinancialForecast #BullionBoom #InvestmentOpportunity

Today's Gold Price Surge: Investors Flock to Safe Havens as Gold Hits $2,020    In today's market, the price of gold continues its upward trajectory, trading higher at around $2,020 per troy ounce. This marks the third consecutive session of gains for gold, reflecting growing investor caution amidst ongoing economic instability.    Amid worries about inflation and market volatility, gold continues to hold its appeal as a haven asset. Investors are turning to the precious metal to protect their portfolios from uncertainty, causing its price to rise.    Gold's reliability in protecting against market changes highlights its significance in long-term investment plans. Traders are poised to capitalize on opportunities presented by the precious metal's ascent.   Together We Rise.  Mamadou Kwidjim Toure .  #gold #GIFT #investment #GoldRush2024 #SafeHavenInvesting #GoldInvestment #Investor #HedgeAgainstRisk #FinancialStability #GoldTrading #LongTermInvesting #UbuntuTribe 

Gold prices traded near record-high levels on Monday after a sharp rally led by safe-haven demand amid ongoing conflict in the Middle East. Gold rate has rallied 20% over the past two months and analysts expect further gains in the bullion prices. https://lnkd.in/giqJgy4t #GoldPrices #GoldRally #SafeHavenDemand #MiddleEastConflict #GoldMarket #BullionPrices #GoldForecast #GoldmanSachs #PreciousMetals #Investment #GoldInvesting #EconomicUncertainty #MarketTrends #GoldSurge #FinancialNews #GoldPriceIncrease #GoldTrading #CommodityMarket #GoldInvestors #MarketAnalysis

Gold futures have climbed, moving the market toward a golden cross, indicating that the case for investment in gold is strong, says our Head of Product Management and Marketing Joy Yang. She believes recent events in the middle east led to a strong push higher for precious metal last month, validating gold's role as a safe haven. Check out Myra P. Saefong's latest commodities roundup in MarketWatch for more of Joy's thoughts on the factors she feels have driven gold this year, as well as what has potentially held it back. https://lnkd.in/e7YYFRvH #gold #metal #safehaven #indexing #etf #goldinvestment