-
Will gold see a Santa Claus rally this year? – Saxo Bank’s Hansen
Investors hoping for a Santa Claus rally in gold should exercise caution as recent volatility could signal a price peak, at least for this year, according to one market analyst. In his latest report, Ole Hansen, Head of Commodity Strategy at Saxo Bank, noted that gold has recorded solid gains in December for the past seven consecutive years. Although gold’s recent correction could attract some bargain hunting in the final month of 2024, Hansen said the metal’s elevated price remains a risk. “The biggest headwind remains gold’s already strong 28.3% gain for the year, leaving it close to the 29.6% in 2010 and ... (full story)
- Comments
- Subscribe
-
- Older Stories
From bnnbloomberg.ca|Nov 29, 2024Chile registered its biggest month of copper production this year, and the best October since before the pandemic, as the biggest supplier of the wiring metal recovers from ...
From home.saxo|Nov 29, 2024From an asset class perspective, commodities traded steadily in November, a month marked by significant developments on both the economic and political fronts. In the US, the ...
From kitco.com|Nov 29, 2024Gold and silver are seeing modest gains in a quiet holiday trading session as U.S. markets are closed for Thanksgiving. Spot gold last traded at $2,643.80 an ounce, up 0.38% on ...
-
- Newer Stories
From argusmedia.com|Nov 29, 2024Ecuador's energy ministry wrapped up talks and expects to reach a final deal by January with a subsidiary of Canada's Lumina Gold to develop the large-scale Cangrejos copper ...
From nypost.com|Nov 29, 2024It rocked his world. A metal-detecting man was floored to realize the rock he uncovered and believed to be gold was actually from space. Incredibly dense for its size at almost 40 ...
From econoday.com|Nov 29, 2024Econoday’s Relative Economic Performance Index (RPI) lost some ground last week and, at minus 10, shows recent global activity running a little cooler than expected. The dip ...
- Story Stats
- Posted: Nov 29, 2024 3:13pm
- Submitted by:Category: Fundamental AnalysisComments: 0 / Views: 146
