Tag: gold prices
The Fed is scheduled to meet this week. With the S&P 500 at record highs, could the Fed play spoilsport at this week's meeting?
Volatility is pushing investors toward supposedly safer investments, but Warren Buffett has been vocal lately about his dislike for gold.
China continued buying gold for the tenth consecutive month in September. The country also continued its de-dollarization bid.
With the inquiry into President Trump's impeachment, it might be the right time to accumulate gold. Will gold reach $2,000 per ounce?
Last week (ended September 20), gold rose 1.1% and settled at $1,507.30 per ounce. Meanwhile, the SPDR Gold Shares ETF (GLD) rose 2%.
Yesterday, gold prices rose around 1%, or $15.90, following drone attacks on Saudi Arabia's Aramco oil facilities on September 14.
Gold has been benefiting from the US-China trade war. However, some observers, such as Jim Cramer and Citigroup, disagree on what's in store for gold.
As the trade war rages on, China's de-dollarization bid continues. The trade war is taking a toll on the US and Chinese economies.
Reports state that Hong Kong could withdraw its controversial extradition bill that sparked mass protests. This event could impact the US-China trade deal.
JPMorgan Chase suggests waiting until September before returning to stocks. The markets will likely make new all-time highs in the first half of 2020.