Category: Gold market
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Gold Surpasses Stocks in 2023 as Rally Continues.
In a noteworthy shift, gold has outpaced the S&P 500 in 2023, nearing the significant $2,000 mark. The ongoing rally has seen a 9.2% increase in gold since the year began, marking a departure from the struggles witnessed in the stock market. This trend of gold outperforming stocks isn’t novel, as similar patterns were observed…
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CPM’s Jeffrey Christian anticipates a significant surge in gold prices throughout 2024-2025.
Beyond this conversation, it’s also highlighted that gold has been setting annual records for the past few years, with projections for further records in 2024 and 2025. These price surges are attributed to global economic challenges and political uncertainties. Moreover, there’s an emphasis on understanding the factors driving gold prices, which include supply and demand…
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Unraveling the Gold Fraud: A $40 Million Deception
A recent $40 million gold bullion fraud case has culminated in the sentencing of two individuals to eight years in jail, marking a significant victory for the Australian Taxation Office (ATO) in unraveling a complex web of deceit. Cedric Adrian Millner and Jonatan Kelu, convicted for conspiring to dishonestly cause a substantial loss to the…
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The World Gold Council released its 2024 gold outlook.
The World Gold Council released its 2024 gold outlook, emphasizing the significance of monetary policy alongside geopolitical risks and central bank purchases as pivotal factors to monitor in the upcoming year. Geopolitical tensions and ongoing central bank purchases are anticipated to bolster gold in 2024. Despite gold’s exceptional performance in 2023, surpassing expectations amidst high…