Gold price in Ghana crosses $3,200/oz as government centralizes control over exports; new entity, Ghana Gold Board, aims to boost revenues and regulate industry.
In 2024, gold miners dominated mergers and acquisitions in the metals and mining industry, with a 70% transaction value. Australia and Canada were top locations, while copper-focused M&A was subdued. This trend is expected to continue in 2025 due to rising gold prices.
BAR is currently showing an impulsive 3 waves move into new all-time highs which we consider as an incomplete bullish sequence missing 2 more swings before ending the entire cycle.
Goldman Sachs postpones gold price prediction to mid-2026, citing Fed decisions. Gold expected to reach $2,910/oz by end of 2025. Antimony mining project in Idaho could boost US demand and reduce vulnerability to China's market control.
Amid gold's record-breaking 27% surge in 2024, Rolex SA increased prices on select luxury models, with precious metal timepieces rising by up to 8%. The yellow gold GMT-Master II now costs €44,600.
Gold is a popular alternative investment, especially during periods of high inflation. People view it as a store of value. But is gold a good investment?
The yellow metal rose more than 8%, marking the biggest monthly gain since July 2020 and the first monthly gain since March. Investors should tap the rally with the best-performing ETFs over the past month.
If you’ve taken a look at the Dow Jones, Nasdaq or S&P 500 lately, you probably didn’t see a pretty picture. They are all taking a beating and with economists fretting about a potential recession, it’s beginning to look like this bear market will continue for quite some time.
A bullish catalyst for gold going forward is rising energy prices which, perhaps more than any single factor, underscore the extent to which inflation pressures are likely to persist.
Given the drive for inflation hedge and flight to safety, the gold price is expected to increase further. As such, investors should tap the rally with the best-performing ETFs so far this year.
