Category: Gold
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Bitcoin Supporter Says Crypto Will Surpass Gold And Oil
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This article is also available in Spanish. An OG Bitcoin backer has made a bold prediction that demand for Bitcoin will increase rapidly in the near future, reinforcing estimates by some cryptocurrency experts that BTC is on a path to reach a six-figure level. OG, short for “Original Gangster” or…
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Gold Fields Completes Acquisition of Osisko Mining
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This section is Partnership content provided The content in this section is provided by GlobeNewswire for the purposes of press release distribution on behalf of its clients. Postmedia has not reviewed the content. by Globe Newswire Breadcrumb links Globe Newswire Article writer: Posted on October 25, 2024 • 5 minute…
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Chart Art: Is Gold (XAU/USD) Gearing Up for a Correction?
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Gold prices have been on a tear these days thanks to all the uncertainty in the market. Is it time for a correction soon? Better keep an eye on these potential support areas in case the precious metal declines! Gold (XAU/USD) 4-Hour Frame Chart by TradingView Flows into safe havens…
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Analyst Backs Spot Bitcoin ETFs To Surpass Gold ETFs In Cumulative Net Inflows
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Market analyst and head of ETF Shop Nate Geraci backed US Bitcoin ETFs to surpass gold ETFs in terms of cumulative net inflows. This prediction comes amidst the amazing performance of Bitcoin ETFs in the past few days as they attracted more than $2 billion in weekly net inflows. Bitcoin…
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Kenya to restrict raw exports of gold, other minerals
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Kenya plans to restrict the export of some minerals in their raw form after the completion of ongoing construction of processing plants, a move that heralds a major policy shift aimed at maximizing profits for the government and communities. The Ministry of Mining says that gold, precious stones and granite…
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What would it really take for a pullback in gold prices?
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Even as the dollar strengthened and traders retreated to pricing in a 25 basis point move for the Fed in the last week or so, that did not faze gold prices at all. There was a slight decline towards $2,605 earlier this week, but that did not last as prices…
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West Red Lake Gold Intercepts 44.17 g/t Au over 1.3m and 20.63 g/t Au over 0.5m at Upper 8 Target – Madsen Property
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This section is Partnership Content supplied The content in this section is supplied by GlobeNewswire for the purposes of distributing press releases on behalf of its clients. Postmedia has not reviewed the content. by GlobeNewswire Breadcrumb Trail Links GlobeNewswire Author of the article: Published Oct 02, 2024 • 10 minute…
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UBS forecast gold to USD2900
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UBS Gold Forecast from Note on Growing Conflict in the Middle East: The forecast for the end of 2024 is $2,750 By the fourth quarter of 2025 to US$2,900 Briefly from the note: We expect global markets to face turmoil from time to time, but we do not expect a…
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Chart Art: Trend Retracement Levels For Gold (XAU/USD)
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Where are the gold bugs? Spot gold (XAU/USD) seems ready to extend the long-term trend after touching some technical support levels. Do you think the precious metal will see new record highs this week? Gold (XAU/USD) Forex 4 Hours Chart by TradingView In case you missed yesterday’s headlines, the lack…
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Why gold isn’t thrilled about the China stimulus news
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Gold is a laggard today, falling $27 to $2,630. It’s only a 1% drop and comes after a massive rally but it’s worth looking at gold now in light of what’s happening in China. Gold daily I’ve made this point several times in the last week or so: China has…
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BofA: Chart: Go short gold vs. silver. Entry, target, stop, and rationale
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Bank of America recommends shorting gold against silver at 83.50, with a target of 78.50/75.00 and a stop of 87.50. Key points: gold: Price targets for 2024 at 2368, 2538 and 2643 have already been achieved, with the next target at approximately 2733. However, Bank of America advises against chasing…
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Paramount Gold Nevada Provides Details of Its Upcoming AGM
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Article content Winnemucca, Nevada, Sept. 26, 2024 (GLOBE NEWSWIRE) — Paramount Gold Nevada Corp. is pleased to… (NYSE American: PZG) (“Paramount” or the “Company”) announces that its Annual General Meeting (“AGM” or the “Meeting”) of shareholders will be held on December 12, 2024 at 11:00 a.m. Eastern standard. The meeting…
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3 reasons there are still higher prices to come for Gold – UBS target US$2700
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Gold hit an all-time high on Monday, and UBS is looking for more upside ahead. 1. The Fed’s recent 50 basis point rate cut has boosted enthusiasm for gold by lowering the opportunity cost of holding non-yielding assets. This is expected to be the start of a broader easing cycle,…
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Bitcoin to Outshine Gold by 400% by 2025, Analyst Predicts
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This article is also available in Spanish. Veteran analyst Peter Brandt makes a bold prediction that is creating a lot of talk in the crypto space: By 2025, the price of Bitcoin is supposed to see a 400% increase compared to gold. Related reading He believes that based on the…
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Bitcoin to Outshine Gold by 400% by 2025, Analyst Predicts
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This article is also available in Spanish. Veteran analyst Peter Brandt makes a bold prediction that is creating a lot of talk in the crypto space: By 2025, the price of Bitcoin is supposed to see a 400% increase compared to gold. Related reading He believes that based on the…
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ForexLive Asia-Pacific FX news wrap: Gold hits a new record high
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High Risk Warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage also creates additional risks and exposure to loss. Before deciding to trade foreign exchange, carefully consider your investment objectives, level of experience, and risk tolerance. You may lose some…
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Chart Art: Potential Trend Support Areas For Gold (XAU/USD)
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Spot gold retreats from record highs of $2,600 after US Federal Reserve cuts interest rates! Are we looking for an opportunity to join the long-term uptrend in XAU/USD? Let’s take a closer look at the 4-hour time frame: Gold (XAU/USD) Forex 4 Hours Chart by TradingView In case you missed…
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UBS says gold is its “Most Preferred” in its global asset allocation
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UBS analysts reiterated their bullish outlook for gold, citing its value as a hedge against macroeconomic and geopolitical uncertainty: Maintains a price target of $2,700 per ounce by mid-2025 Briefly from the UBS report: Gold is expected to rise 23% in 2024, reaching an all-time high, due to lower US…