Gold prices steady amid global dip

Gold prices steady amid global dip

Gold prices in Pakistan remained almost stagnant on Wednesday, as international rates dipped amid a stronger US dollar and renewed optimism over US-China trade talks. According to the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA), the price of gold in the local market rose only by Rs800 per tola, reaching Rs356,900. The price of 10-gram gold also increased by Rs684 to Rs305,984. This follows a sharp jump of Rs6,100 per tola on Tues…

4 Gold Investing Fears — and How to Overcome Doubts

Precious metals are having a banner year. But for investors, these common fears might be holding them back from buying gold.

Gold Prices Are Crushing Silver. Why That Could Change Soon

By Ian Salisbury – Barron’s It’s been a great time for gold investors. A slew of factors, including inflation worries, demand from central banks, and uncertainty surrounding the Trump administration’s trade war have combined to send the metal up 23% so far this year to nearly $3,232 an ounce, for near-month contracts on Comex, according to Dow Jones Markets Data. Silver, also historically as a safe haven whose price tends to track that of gold, …

Don Kagin: The Impact of Historically High Gold Prices on the Rare Coin Market

By CoinWeek…. With gold on a historic run, coin dealers nationwide have seen an increase in the number of sellers in the market. On Friday, May 2, coin dealer Don Kagin sat with CoinWeek Editor Charles Morgan to discuss the impact of rising gold prices on the rare coin market and his firm’s business selling numismatic gold coins produced by the Spanish Mint. This discussion took place after Charles and Don spoke about fractional ownership of a $…

Gold Prices Surge Amidst Global Trade Uncertainties

The recent US-China trade war has had numerous ramifications. To start, economies have contracted, supply chains have been disrupted, and corporate costs have risen significantly. Additionally, factory activity has declined in some countries, many currencies have depreciated, and companies have lost trillions in stock market capitalization.Surprisingly, one asset has risen despite all the chaos: gold. A gram of gold now costs over $100, a sharp …