-
Central bank buying likely to remain key to gold’s 2025 performance
Driven by factors such as strong global gold exchange-traded fund inflows and over-the-counter (OTC) demand, gold’s record-breaking year of 2024 saw the gold price rising by more than 28% in US dollars, trading 22% higher on average last year than during 2023, the World Gold Council’s (WGC’s) ‘Gold Outlook 2025’ states. The precious metal’s performance across other currencies was equally strong, with the WGC noting that the precious metal reached 40 new record highs during the year and that total gold demand in the third quarter surpassed $100-billion for the first time. The WGC explains that the market ... (full story)
- Comments
- Subscribe
-
- Older Stories
From channelnewsasia.com|Jan 16, 2025|1 commentPresident-elect Donald Trump's pick for Treasury secretary, Scott Bessent, said on Thursday (Jan 16) that the dollar should remain the world's reserve currency, the Federal ...
From bnnbloomberg.ca|Jan 16, 2025Rio Tinto Group and Glencore Plc have been discussing combining their businesses, according to people familiar with the matter, in what could result in the mining industry’s ...
From foxnews.com|Jan 16, 2025Luxembourg officials recently announced that an "extremely rare" cache of gold coins from the fourth century A.D. has recently been unearthed, ending an excavation project that ...
-
- Newer Stories
From youtube.com/cnbctelevision|Jan 16, 2025Joseph Amato, Neuberger Berman president, joins 'Closing Bell: Overtime' to discuss the market, the Fed's progress on inflation and playing the Trump trade.
From forex.com|Jan 16, 2025Gold and silver have increasingly behaved as inflation hedges over the past month, perhaps explaining why both are sitting at multi-week highs despite elevated US bond yields and ...
From invezz.com|Jan 16, 2025Societe Generale, the third-largest listed bank in France, is reportedly planning a partial return to gold trading. This strategic move comes after the bank’s exit from the ...
- Story Stats
- Posted: Jan 16, 2025 6:28pm
- Submitted by:Category: Fundamental AnalysisComments: 0 / Views: 113
