Metals Close Mixed on Final Trading Day — Gold Up 14% for the YearOn the final trading day, metal prices showed mixed results, with copper and aluminum experiencing slight increases, while gold slightly decreased. Despite this, gold is poised to conclude the year with a 14% gain, marking a strong performance amidst a volatile year for metals. Copper is expected to finish the year over 3% higher, and […] READ MORE New Russia-Iran Pact Marks Major Step in Global De-Dollarization EffortsOn the final trading day, metal prices showed mixed results, with copper and aluminum experiencing slight increases, while gold slightly decreased. Despite this, gold is poised to conclude the year with a 14% gain, marking a strong performance amidst a volatile year for metals. Copper is expected to finish the year over 3% higher, and […] READ MORE The Uncertain Path of the Global Economy in 2024: What to WatchThe global economy in 2024 will be shaped by US interest rates, oil prices, and China’s economic performance. Despite a more resilient global economy in 2023 than expected, with inflation falling without significant unemployment increases, challenges remain. The OECD forecasts a slowdown in global output in 2024 due to high interest rates curbing inflation and […] READ MORE Why the Anticipated 2023 Recession Never CameThe widely predicted 2023 recession didn’t occur, defying forecasts including those from Federal Reserve economists. Fed Chair Jerome Powell acknowledged the unexpected robust economic performance. This resilience was attributed to the unique challenges posed by the pandemic and the substantial $5 trillion fiscal stimulus. Forecasting difficulties arose from the lack of historical parallels. A key […] READ MORE Rising Gold Prices Cool Off Indian Market Demand in Fourth QuarterIndia’s gold market sees subdued demand in Q4 due to high prices, influenced by geopolitical risks, rate cut expectations, and a strong USD. Despite the RBI halting gold purchases and soft domestic demand causing a local discount, gold ETFs attracted sustained inflows, with November seeing US$47 million. High prices are expected to dampen physical gold […] READ MORE Vietnam Sees Stores Packed with Gold TradersGold traders flocked to jewelry stores in Vietnam amid volatile prices, with over 30 customers seen at a Saigon Jewelry Company store in Ho Chi Minh City. Prices fluctuated significantly, leading some to sell early out of decline fears. Mi Hong chain also experienced high traffic, though less than during the recent price peak. Vietnam’s […] READ MORE Shenzhen: China's Rising Star in the Gold Jewelry WorldAs 2023 ends, Shenzhen, traditionally known for technology, is rapidly gaining recognition as a new fashion hub in China, especially in jewelry. The city’s large jewelry market experienced a significant increase in consumer interest and demand. Shenzhen hosted major fashion events like the Shenzhen Eyewear Fashion Week and the China International Brand Underwear Fair, attracting […] READ MORE Gold's Golden January: Historical Trends Suggest a Shiny Start to 2024Historical data from the World Gold Council indicates that gold typically fares well in January, with an average return of 1.79% since 1971 and positive gains in nearly 60% of Januaries since then. This trend strengthens in the 21st century, with gold rising in 70% of Januaries since 2000. Key factors contributing to this include […] READ MORE The Bull and Bear Case for Gold in 2024In 2023, gold prices soared to new highs, bolstered by its status as a safe-haven asset amid economic uncertainties. The metal’s demand rose as investors sought protection against inflation and currency devaluation, influenced by geopolitical tensions and market volatility. Despite some fluctuations, gold maintained an overall upward trend, reflecting a complex mix of central bank […] READ MORE « Previous 1 … 192 193 194 195 196 … 201 Next »