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A 13% Climb For ‘Struggling’ Gold, What Now in 2024?
Happy New Year to you all. This is our first update of 2024. What a way to start a year given gold ended 2023 with its first annual gain in three years, achieving around a 13% climb. Depending on what you read and who you listen to there were three commonly cited reasons as to […]Merry Christmas and a very happy, prosperous New Year
Thursday is usually the day when we send out some market news and give you our thoughts on what’s been going on. But it’s four days before Christmas and we wondered if anyone was really that focused on markets right now. So we thought, what could we write about? We could do a summary of […]
Gold Jumps As FOMC Signals What’s To Come
All eyes were on the FOMC yesterday as they met for the final time in 2023. In the weeks running up to the meeting Fed officials stuck to the brief of sounding flexible when it came to questions asked about the direction of rates. For the last few months, FOMC members have repeatedly been asked […]
Central Banks and Geopolitics to Support Gold In 2024
Gold may not have managed to sustain the record high from the start of the week but it has remained firmly above $2,000. At the time of writing it is trading just below $2,050, a key resistance level. The price has shown very little interest in the usually much anticipated US jobs report, which came […]
Chris Vermeulen on Gold: This Is A Super Cycle At Play
When we woke up to see gold had hit an all-time high overnight we knew we needed to take a look at some charts. And who better to do that with than technical analyst Chris Vermuelen of TechnicalTraders.com. GoldCore CEO, Dave Russell took some time this afternoon to speak with Chris about what took the […]
Gold Hits Record High: Is This A New Era?
Overnight gold stunned markets by obliterating resistance levels and rocketing up to a new all-time high of $2,148.99. As well as a new level we might also have seen a new standard in volatility being set as the yellow metal experienced $100 intraday swings. This morning gold has calmed itself down a bit. But make […]
Will The Gold Price Shift As Two Great Titans Leave Us?
For much of November gold has been on a tear and this week investors have sent it way up, punching past $2000. Will these giddy heights of over $2,000 be how gold chooses to see out month-end? At the time of writing we cannot be sure. Yesterday prices did soften ever so slightly but the […]
Gold, a seasonal rally and the future of money
Happy Thanksgiving to all of our readers. For anyone celebrating we hope you have a wonderful day and we thank you for your support this past year. Big news this week – gold hit $2,030 in intra-day trading on Tue, it didn’t hang on but it did close the day with a hefty $20 gain […]
Gold Pops as Credit Crunch Looms
The double figure pop up in gold on Tuesday was more to do with weakening of the US dollar, than rampant gold demand itself. The significant drop in the fiat currency was largely thanks to the release of October’s CPI report. Echoing that of the previous month, the report showed weaker growth and lower than […]
