Bank of America Global Research has sharply revised its gold outlook, forecasting the precious metal could climb to $5,000 per ounce by 2026, with an average of around $4,400 per ounce. The new projection marks one of the bank’s most bullish calls yet, driven by mounting demand for gold as a safe-haven and portfolio stabilizer. […]
Gold surged nearly 2% on Monday, climbing close to all-time highs as investors sought safety amid growing concerns over a potential U.S. government shutdown and rising geopolitical risks. At the time of writing, XAU/USD trades at $3,827, just shy of the session peak of $3,833. Treasury Yields Slide, Boosting Gold The precious metal pushed past […]
Gold prices ticked upward on Monday, helped by a pullback in U.S. Treasury yields, as markets awaited U.S. President Donald Trump’s meeting with Ukrainian President Volodymyr Zelensky and key European leaders later in the day. As of 08:40 GMT, spot gold was up 0.4% at $3,348.28 per ounce, after briefly touching its lowest level since […]
Gold prices bounced back from earlier lows, stabilizing as U.S. inflation data showed steady upward pressure on consumer costs. According to the Bureau of Labor Statistics, the Consumer Price Index (CPI) climbed 0.2% in July, following June’s 0.3% rise—right in line with forecasts. Over the past year, headline inflation increased 2.7%, just under the expected […]
Gold prices inched higher on Tuesday, recovering slightly from the previous session’s steep drop, as investors kept their eyes on upcoming U.S. inflation data that could influence the Federal Reserve’s interest rate path. Spot gold rose 0.2% to $3,349.13 per ounce by 0904 GMT, while U.S. gold futures for December delivery held steady at $3,398.90. […]
Gold’s safe-haven appeal briefly dimmed after the U.S. and China agreed to a 90-day pause in their trade conflict, but one market strategist believes the precious metal is far from losing its shine. Heightened geopolitical tensions, economic uncertainty, and concerns over monetary policy could keep gold in demand, even if trade disputes ease. Nitesh Shah, […]
Gold prices jumped over 1% on Monday, reaching their highest level in five weeks as both the U.S. dollar and Treasury yields declined. The rise comes amid growing uncertainty over a looming August 1 deadline for countries to finalize trade deals with Washington or face new tariffs. Spot gold climbed 1.3%, hitting $3,394.23 per ounce […]