How did you pay for a major expense or investment? Share your story with us for a chance to be featured in a future article. Rob Scores and his wife, Julianne, had long had Puerto Rico on their dream vacation list. So when an opportunity to go there with their friends came up in February, they … Read more
Investors looking to weather a volatile market may want to opt for physical gold over gold stocks. That’s according to George Milling-Stanley, one of the world’s experts in gold and the chief gold strategist at State Street Global Advisors. “One of the reasons I own gold bar(s) is that I believe it offers me some … Read more
Oil production in Azerbaijan Vostok | Getty Images This report is from today’s CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Like what you see? You can subscribe here. What you need to know today Weak quarterly kickoffJapan … Read more
Geopolitical and structural factors have put gold on course to hit $2,600 per ounce within a year, according to one market veteran. The precious metal has hit successive record highs this year, including another on Thursday when spot gold broke above $2,300 before easing slightly. Early Friday it was trading around $2278 per ounce. The … Read more
Gold bars and coins. Brightstars | E+ | Getty Images Gold prices extended their rally and scaled to another record high on Monday, propelled by U.S. interest rate cut expectations and the metal’s appeal as a safe haven asset. Spot gold added 1.32% to trade at $2,265.53 per ounce. U.S. gold futures rose more than … Read more
Fg Trade | E+ | Getty Images Among the cans of tuna and flashlights in doomsday preppers’ closets, there is an increasingly popular staple — gold bars. The recent rise in value of the yellow metal is not just another chapter of favorable economic conditions for the asset, experts say. People’s interest in gold — … Read more
Andriy Onufriyenko | Moment | Getty Images One helpful way to think about the recent gold rally: it’s a case of schadenfreude. The yellow metal does well when other assets — and the world — are in trouble. As a result, prospective buyers should proceed with caution, experts say. Be prepared to root against your … Read more
An employee handles one kilogram gold bullion at the YLG Bullion International Co. headquarters in Bangkok, Thailand, on Friday, Dec. 22, 2023. Bloomberg | Bloomberg | Getty Images Gold prices pushed higher Tuesday after futures pricing for the precious metal notched fresh records in the previous two sessions — with analysts seeing strength lasting at … Read more
An employee puts gold bullions into a safe deposit box at a Degussa shop in Singapore. Edgar Su | Reuters Gold futures settled at the highest level ever on Monday as traders bet the Federal Reserve will start cutting interest rates in the second half of the year. The gold contract for April gained $30.60, … Read more
Gold purchases from central banks led to last year’s surge, with purchases exceeding 1,000 tons for two consecutive years. Traffic_analyzer | Istock | Getty Images Gold demand hit record highs in 2023 as persistent geopolitical tensions and weakness in China’s economy pushed investors toward the safe haven asset, the World Gold Council said in report. … Read more
