Investors have focused on a surge in record gold prices, but silver rose roughly 25% in July, the metal’s second-highest recorded monthly gain, and is still undervalued compared to the yellow metal. “Silver is often called ‘poor man’s gold’ because some of the same factors that drive gold prices up …
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Global demand for gold declined in the second quarter and the first half of this year overall, but demand for gold as an investment rose to a record as holdings of exchange-traded funds reached a record high in late June, according to a report by the World Gold Council released …
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Gold futures were modestly higher on Wednesday, ready to post a ninth straight gain after scoring a record deal and intraday high a day earlier, as investors await the outcome of a Federal Reserve policy meeting. In the weeks after the last Fed meeting, “the number of new [COVID-19] cases …
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A weaker day for stocks is brewing on Tuesday, as optimism about the US stimulus progress. The asset that stole the show on Monday, of course, was GCQ20 gold, -0.34%, which rose to $ 1,931 an ounce, the highest settlement in history. That prompted the crowd to expect $ 2,000 …
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Gold futures reversed on Tuesday, with the yellow metal slipping after a rally to record levels. With the main contract as high as $ 1,974.40 an ounce overnight, GC00 gold futures, -0.47% It fell $ 23.80 to $ 1,907.20 an ounce. China’s gold consumption fell 38% yoy in the first …
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