The U.S. stock market faced a setback at the end of October, ending a five-month winning streak. Election uncertainties and mixed tech earnings dampened risk sentiment. This comes amid a surprising slowdown in job growth and expectations for Federal Reserve rate cuts. Betting odds for the 2024 presidential election show a tight race, while gold sees record highs due to investor demand. Ford halts F-150 Lightning production in response to Tesla’s Cybertruck sales surge.
Gold prices have soared in 2024, reaching record highs driven by surging demand for the safe-haven asset. Investors are flocking to gold amidst concerns over U.S. fiscal policies, potential inflation, and the evolving geopolitical landscape, where gold is seen as a hedge against Western sanctions. This trend is evident in the record inflows into gold ETFs and the continued appetite for gold from central banks.
JPMorgan analysts predict a rise in Bitcoin and gold prices if former President Donald Trump wins the upcoming election. The analysts believe a Trump victory could intensify the ‘debasement trade,’ where retail investors turn to Bitcoin and gold as a hedge against currency devaluation. This comes as Bitcoin ETFs see record inflows, fueled by retail investor interest.
Hot Chili Limited, a leading copper-gold exploration and development company, has released its quarterly report for Q3 2024, highlighting significant advancements in its Costa Fuego Copper-Gold Project in Chile. The report details progress on the Pre-Feasibility Study (PFS), Environmental Impact Assessment (EIA), exploration activities, and the development of a strategic water supply business, Huasco Water.
Vizsla Copper Corp. has announced exciting results from a direct current induced polarization (DCIP) survey at the Woodjam project in British Columbia, revealing a significant chargeability-high anomaly within the Great Plains target area. This anomaly is believed to be geologically similar to the nearby Southeast deposit, which holds a historical inferred mineral resource estimate of 221.7 million tonnes. The discovery has significantly boosted the target ranking of the Great Plains area, potentially leading to further exploration activities and drill testing in 2025.
Gold prices surged to a new all-time high on Tuesday, driven by investor concerns over ballooning deficits, political uncertainty, and potential future inflation. The precious metal’s resilience amidst a stronger dollar and rising Treasury yields highlights its growing appeal as a safe haven asset in a world grappling with economic headwinds.
Dhanteras, the auspicious festival marking the beginning of Diwali, witnessed a surge in retail sales across India, with an estimated ₹60,000 crore spent on various items. Gold and silver sales alone reached ₹20,000 crore and ₹2,500 crore respectively, highlighting the strong consumer sentiment and demand for precious metals.
Dhanteras 2024 is upon us, and quick-commerce platforms like Blinkit, Swiggy Instamart, Zepto, and BigBasket are making it easier than ever to purchase gold and silver coins for the auspicious occasion. These platforms offer a wide range of options from leading jewelers, all delivered to your doorstep within minutes, eliminating the need for crowded markets. This article provides a detailed guide on how to purchase gold and silver coins online and the latest prices for these precious metals.
Mali’s military government has issued a warning to Barrick Gold Corp., threatening to let the Loulo mine concession expire in 2026 due to unresolved disputes over profit sharing. The government claims Barrick has failed to honor previous agreements, leading to demands for back taxes and a larger stake in the mine’s economic benefits. The Loulo mine is a crucial asset for Barrick, contributing significantly to their global gold production.
Experts are drawing parallels between Bitcoin and gold, suggesting that Bitcoin’s next major breakout could be tied to gold’s price movements. Historical data shows that Bitcoin’s significant surge in 2020 followed a period of gold’s rally, leading some to believe a similar scenario could play out. Recent trends in gold and Bitcoin ETFs suggest a potential shift in market sentiment, fueling optimism about Bitcoin’s future performance.
