Gold futures prices jumped, causing a premium of over $125 per ounce, due to new tariffs on Swiss gold imports to the US. Impact on ETFs remains uncertain.
Gold's surge, inspired by China's safe-haven dash, a declining dollar, and geopolitical tensions, has investors seeking the VanEck Merk Gold ETF with physical bullion delivery. Popular with long-term holders in uncertain times.
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.
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.
I learned this week about an ETF with the symbol OUNZ, which has an interesting feature: upon request, they will deliver the physical gold that you own if you choose.
The price action in silver is currently far stronger than gold. This typically occurs in the late stage of an intermediate trend and a June-July surge seems likely.
Gold’s price action is quite boring even though a bull flag may be in play. It could play out as indicated or simply morph into a “consolidatory blob”.
A pre-Christmas lull in trading could see a second right shoulder form, but the positive action of the Stochastics oscillator suggests that won’t happen.
