US EditionBoca Raton jeweler hoping to capitalize on surging gold prices
- Gold rallied to record highs, exceeding $3,400 an ounce, driven by haven demand.
- Dollar weakness, trade war concerns, and criticism of the Federal Reserve fueled the demand.
- Holdings in bullion-backed exchange-traded funds rose for twelve weeks, the longest run since 2022.
- Spot gold reached $3,400.38 an ounce, while Christopher Wong noted the Fed's credibility impacts the dollar.
- High gold prices impact shopping trends as demand for gold jewelry dips, leading to alternative purchases.
32 Articles
32 Articles
Sparkling Shift: Dubai's Gold Souk Sees Shifting Trends Amid Rising Gold Prices
Sparkling Shift: Dubai's Gold Souk Sees Shifting Trends Amid Rising Gold Prices The bustling Gold Souk in Dubai, often called the 'City of Gold', is witnessing a change in shopping trends. With gold prices soaring past $3,400 an ounce, buyers are turning to alternatives like diamonds and lighter gold jewellery. This shift highlights the dual nature of gold, valued both as adornment and safe-haven investment.The World Gold Council's Andrew Naylor…
Sydney Morning Herald
Dateline fires up study of 1M-ounce US gold mine as metal price booms
Dateline has launched a bankable feasibility study at its 1M-ounce gold project in California, eyeing 75,000 ounces per year from a 2Mtpa plant, as the metal soars to US$3400/ounce.
Observador
Noticias ao MinutoAt 16:10 (Lisbon time), the euro reached 3,430.31 dollars an ounce (equivalent to 28.3 grams), an increase of almost 3%. The euro surpassed $1.15, a November 2021 high.
Gold Prices Surging, 3 Stocks to Buy Before Prices Hit $3,500 per Ounce
Gold has been on a historic bull run so far this year, and it may be unlike anything we’ve seen before. People are sitting on record amounts of liquidity, but very limited places to put that into use. Treasuries have historically been a great bet, and I’d argue they still are. However, considering that government policies have been erratic recently, even that is not very attractive to investors. Key Points Gold is up significantly again today.…
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