Cathie Wood is sounding the alarm about gold as global markets experience one of the most violent swings between assets in recent years. As equities, precious metals and futures markets rallied within hours, the founder of ARK Invest argued that gold’s latest rally has the hallmarks of a late-cycle bubble—one now struggling with leverage, crowded … Read more
Gold (GC=F) fell to around $5,300 after briefly topping $5,600 an ounce on Thursday while silver (SI=F) also pared gains as the precious metals took a breather from a blistering rally. The decline was accompanied by a sell-off in the stock market, with the Nasdaq Composite (^IXIC) down as much as 2% amid declines in … Read more
Gold (GC=F) continued to rise on Monday after breaking above $5,000 an ounce earlier than Wall Street expected. Futures hit a key milestone on Sunday while silver (SI=F) also rose one point beyond $115, raising questions about the dizzying speed of the rally in precious metals. The rise in gold has become a feature of … Read more
By Ashitha Shivaprasad and Kavya Balaraman Jan 26 (Reuters) – Analysts expect spot gold prices, which hit a record high above $5,000 an ounce on Monday, to climb further towards $6,000 this year on rising global tensions as well as strong central bank and retail demand. Gold reached a peak of $5,092.70 as geopolitical and … Read more
Gold (GC=F) rose above $5,000 an ounce on Sunday, hitting the key milestone earlier than Wall Street expected, raising questions about the dizzying speed of the rally in precious metals. The rise in gold has become a feature of the so-called “debasement trade”, with investors buying assets to protect against the erosion of purchasing power … Read more