Last September when gold prices were sinking, The Trends Journal forecast that prices had bottomed. As we go to press, spot gold is selling at $2035 per ounce.
706 search results for: gold price
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TOP TREND 2024, A GOLDEN YEAR FOR GOLD: CHINESE SPECULATORS RUN UP GOLD’S PRICE
Speculators taking long positions in gold on the Shanghai Futures Exchange—betting gold’s price will rise—have boosted their number of bets by almost 50 percent since September, according to the Financial Times.
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DOLLARS, GOLD, BITCOIN AND PRICE MOVEMENTS
A new study has tracked ways in which price fluctuations characteristically affect the relative relationship of the U.S. dollar, gold and bitcoin.
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GOLD’S PRICE GAINED 18 PERCENT IN 2022, HIGHEST IN A DECADE
Central banks stockpiled gold last year at the fastest pace since 1955, driving demand for the metal to 4,741 tons, its highest since 2011 during the Great Recession, the World Gold Council said in a new report.
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COAL PRICES TURN IN A GOLDEN PERFORMANCE
Since the beginning of this year, the price of benchmark Australian thermal coal—one of the dirtiest energy sources—has zoomed up 80 percent to $146 a ton, its highest mark in more than 10 years, according to the Financial Times. That makes Australian coal the world’s best investment so far this year, beating the 44-percent gain...
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TOP TREND 2024, A GOLDEN YEAR FOR GOLD: GOLD SETS ANOTHER RECORD
Gold’s price rose another 1.61 percent on 5 April to trade at $2,325.70, giving a 12.77-percent gain so far this year.
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CHINA’S MIDDLE CLASS GOING DOWN, GOLD BUYING GOING UP
China’s middle class blossomed from the 1980s until Beijing launched the COVID War in January 2020 on it Lunar New Year, “The Year of the Rat,” and imposed three years of draconian zero-COVID policy which destroyed the lives and livelihoods of hundreds of millions of its citizens.
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ELECTRONICS RECYCLERS STRIKE GOLD
Electronic trash is laced with rare minerals and even gold—but recovering that gold from discarded computers’ circuitry has been too complex and expensive to make it worthwhile.
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TOP TREND 2024: EV GO FU: LITHIUM PRICE CRASHES AS GLOBAL EV DEMAND SLOWS
In recent months, sales of electric vehicles (EVs) have stalled around the world. High sticker prices, high interest rates, and a global economic slowdown have left post-inflation consumers reluctant or unable to pay the more than $50,000 cost of an EV.
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GOLDEN DAYS: A GOLDEN YEAR FOR GOLD
As we had forecast for several months, in early 2024, the U.S. Federal Reserve will lower interest rates. And the lower interest rates fall, the deeper the U.S. dollar will sink and the higher gold prices will rise.