Central banks around the world maintained their appetite for gold in the third quarter of 2023, with their purchases totaling 337 metric tons, the World Gold Council’s (WGC) third-quarter report shows. Analysts from the council suggest that this steady central bank activity is indicative of a sustained, strong demand for gold, which may lead to […]
Category: Gold
HSBC Launches Tokenization Platform for Gold Markets
HSBC announced the launch of a platform that will allow the tokenization of gold bullion, with a stated potential market reach of $525 billion. Mark Williamson, HSBC’s global head of FX and commodities partnerships and propositions, stated that these gold tokens will be tradable using HSBC’s platform, with the bank handling custody of the gold […]
From Gold To Bitcoin: The Evolution Of Retirement Assets And The Rise Of Bitcoin IRA
Gold has traditionally played the role of a conservative and uncorrelated investment vehicle, but that is starting to be seriously challenged by Bitcoin.
Gold Hits New All Time Highs
The big news in gold is two-fold right now; gold hit new all-time highs in several currencies and central bank demand for physical gold remains strong hitting a year-to date record in Q3 this year. Gold at $2,000? So whilst the headlines were all about dollar-denominated gold showing us that it’s still destined for levels […]
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Market Expert Gareth Soloway Explores Bitcoin’s Future Amidst Rising Treasury Yields and ETF Speculation
Year-to-date, bitcoin (BTC), the leading digital currency by market cap, has witnessed a staggering increase of over 100%, sparking curiosity about the duration of its upward trajectory. In a Thursday interview with Gareth Soloway, the head market strategist at inthemoneystocks.com, the expert delved into the potential longevity of this rally. Soloway also touched upon the […]
Gold’s Not Going Anywhere, No Matter What Happens Next
Last night, gold futures came within touching distance of $2,000, touching $1,998.60 and closed at $1,994.40. This move towards the key psychological level was especially impressive given US dollar strength during the day. Short-term strength of both assets is likely to be on the back of safe haven demand in the Middle East. Gold’s tear […]
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Gold Heats Up, China’s Gold-Backed Bond Move, and the 10-Year Treasury Note’s Ominous Rise
In the turbulent macroeconomic landscape marked by clashes in Ukraine and Israel, and with the Fed’s Jerome Powell alluding to persistent and escalated interest rates, the 10-year Treasury note has soared to 5% — a milestone not seen since 2007. Amid this whirlwind, both gold and silver have enjoyed a surge, paralleling the ascent of […]
2024 Gold Forecasts Make Gold Shine Even More
LBMA This week I attended the LBMA’s Global Precious Metals conference in Barcelona. As usual it was a flurry of activity and discussion between cross sections of those involved in precious metals. At the end of the conference attendees are asked to give their forecasts for the precious metals markets, for the next 12 months. […]
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Gold Hits Two Week High As Uncertainty Grows
Overnight the gold price hit a two-week high. One of the ‘supports’ for the gold price was the release of FOMC minutes yesterday, something that once upon a time would have done a bit of a number on the price of gold. Instead, it barely blinked. The metal also finds itself well supported on account […]
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The Bitcoin-Gold-China Connection
Bitcoin and gold have significantly decoupled, breaking the tight correlation dating from Feb 2022. Is this a sign things are breaking?