Tag: PREC08

JP Morgan Predicts Peak Gold Price of $2,600 an Ounce, Bullish Market Continues

On April 25, JP Morgan said the bullish market for gold would continue, predicting a peak price of $2,600 an ounce. Photo taken in Munich in March 2014 (2024 Reuters/Michael Dalder) [２５日 ロイター] – JPMorgan said on the 25th that the bullish market for gold will continue, with a peak price expected to reach $2,600 […]

Gold Prices Surge to Record High as Demand for Safe Haven Assets Increases amid Geopolitical Tensions

On April 11th, spot gold reached a new all-time high. Demand for gold as a safe haven asset is increasing amid geopolitical tensions. The photo shows gold nuggets. The photo was taken last September in Novosibirsk, Russia (2024 Reuters/Alexander Manzyuk) [１２日 ロイター] – Spot gold reached an all-time high in trading on the 12th. Demand […]

Gold Prices Expected to Reach $2,500 by Fourth Quarter of 2024, Says Bank of America

Bank of America (BofA) said it expects the average gold price to reach $2,500 an ounce by the fourth quarter of 2024. Picture taken in January 2010 (2024 Reuters/Chris Keane) [９日 ロイター] – Bank of America (BofA) said it expects the average gold price to reach $2,500 per ounce by the fourth quarter of 2024. […]

Gold Market Outlook for 2024: Will it Follow in Cocoa’s Footsteps?

On April 5, after Nikki Shields, head of metals strategy at Swiss gold smelter MKS PAMP, revised the outlook for the gold market in 2024, market participants began to believe that “gold will follow cocoa.” the question, “Can we follow the same thing?” The picture was taken in September 2023 at a refinery in Novosibirsk, […]

Gold Hits All-Time High as US Inflation Slows, Expectations for Rate Cut Rise

On April 1st, the spot price of gold hit an all-time high. Signs that US inflation is slowing have raised expectations that the US Federal Reserve will cut interest rates in June. The photo shows gold nuggets. The photo was taken last November in Novosibirsk, Russia (2024 Reuters/Alexander Manzyuk) [１日 ロイター] – The spot price […]

Gold Prices Hit Record High Amidst Geopolitical Risks and Interest Rate Cut Expectations

On March 5th, gold prices reached a new all-time high. Photograph taken in Novosibirsk, Russia in 2023 (2024 Reuters/Alexander Manzyuk) [ロンドン ５日 ロイター] – Gold prices hit a new all-time high on the 5th. Against a background of expectations for an interest rate cut in the United States and ongoing geopolitical risks, funds that emphasize […]

US President Biden Signs Executive Order Targeting Financial Institutions Facilitating Sanctions Evasion Against Russia

On the 22nd, US President Biden signed an executive order targeting financial institutions that facilitate sanctions evasion as part of tougher sanctions against Russia for invading Ukraine. (2023Reuters/Brian Snyder) [ワシントン ２２日 ロイター] – On the 22nd, US President Biden signed an executive order targeting financial institutions that facilitate sanctions evasion as part of tougher sanctions […]

Gold Prices Hit All-Time High, But Expected to Pull Back Due to US Interest Rate Uncertainty

Gold Prices Expected to Face Near-Term Adjustment On December 4th, the international price of gold reached an all-time high, prompting speculation about a potential near-term adjustment due to uncertainty surrounding the timing of a US interest rate cut. Analysts, however, suggest that despite this uncertainty, broader geopolitical risks could drive gold to another peak. Recent […]

Rising Trend: Young Chinese Turn to Gold as Economic Uncertainty Grows

Young Chinese Turn to Gold as Safe Haven Amid Economic Uncertainty An employee delicately displays a tray of gold jewelry at a Chow Tai Fook jewelry store in Shanghai, China on November 27, 2023. REUTERS/Nicoco Chan/File Photo The trend of purchasing physical gold is gaining momentum among young people in China. The lackluster economic recovery […]