J. Rotbart & Co.’s Post

Gold Climbs Over US$ 2,190 / ozt as Investors Look to key U.S. data The gold price stabilised over US$ 2,170 / ozt are hovering around the US$ 2,200 / ozt area, record high gold price is largely due to the report of a possible 3 rate cuts in 2024. Currently, traders are anticipating a 70% chance of a June rate cut from the Fed which may boost gold price higher. Looking ahead, various factors such as the continuous gold purchases from the central banks, retail demand, forecasted rate cuts and the U.S. presidential election later in the year will be key factors in determining the direction of the gold price which currently remains optimistic! With great returns in the last 15 months, with minimal downside risk, how are you diversifying your portfolio? Contact us today for a free consultation! Read the full article here: https://lnkd.in/gC9GZmc8 +852 2104 9233     (Hong Kong) +65 6980 2968       (Singapore) +63 966 957 5118  (Philippines) #Gold #preciousmetals #goldindustry #investment #recordhighs #analysis #privatewealth

Gold Price Rises above $2,100 towards All-Time Highs The gold price has performed well despite high interest rates and a strong dollar which was largely due to the world’s central banks buying an enormous amount of gold and countries de-dollarising on their portfolios. Gold now has upside on the expectation that the Fed will start cutting interest rates this year as inflation comes down. When rates fall, gold prices typically rise as investors seek a safe haven as assets such as bonds become less attractive because they no longer deliver attractive yields. Have you taken advantage of the immense potential of the yellow metal’s returns in 2024? Get a free consultation with us today to add gold to your portfolio! Read the full article here: https://lnkd.in/erricrCg +852 2104 9233     (Hong Kong) +65 6980 2968       (Singapore) +63 966 957 5118  (Philippines) #Gold #preciousmetals #goldindustry #investment #recordhighs #prediction #analysis

Gold has hit an all time today. Despite the narrative in the financial media, this is not a result of nominal rates, but is being driven by anticipation of falling “real rates” which leads to central bank accumulation , retail purchasing in Asia, and now a recent uptick in retail/institutional accumulation in the west via ETF inflows. “The metal has still soared nearly 20 per cent this year, supported by large purchases from central banks, strong consumer appetite in China and demand for haven assets amid geopolitical tensions. A recent uptick in holdings by exchange-traded funds is also aiding upward momentum.” #gold #inflation

Gold is currently trading at a fresh record high above $2,520, driven by a combination of factors ¹. These include: *Geopolitical tensions*: Escalating conflicts in the Middle East have led to increased demand for safe-haven assets like gold. *Weaker US dollar*: The US dollar has been under pressure due to expectations of a rate cut by the Federal Reserve, making gold more attractive to investors. *Lower Treasury yields*: The benchmark 10-year US Treasury bond yield has stayed in negative territory, allowing gold to continue its upward trend. *Central bank demand*: Strong demand from central banks has provided additional support for gold prices. *Interest rate outlook*: Expectations of a rate cut by the Federal Reserve have increased the appeal of gold, which is sensitive to interest rate moves. These factors have contributed to gold's recent surge, with prices reaching new record high #goldtrading #markets4you #marketanalysis #technicalanalysis #TonyeGeorge #FeyiOyefesobi

💹 Gold: USD2,660 / oz up 30% YTD: In the aftermath of Trump’s election, in the SystematicEdge December CIO Market Commentary, we discuss the continued Gold rally, fueled by de-dollarization, declining global interest rates, and geopolitical unrest. In the second semester, Gold prices surged to record highs, exceeding USD 2,800/oz, driven by central bank purchases and de-dollarization trends. While there were slight declines after Trump’s election victory, sustained central bank buying and other factors like lower real interest rates and geopolitical risks are likely to support prices. These drivers indicate continued strength for gold in the coming year. For more information on current market events, you can contact SystematicEdge or read the full December 2024 CIO market commentary here: https://bit.ly/3BjSzzj . #GetTheSystematicEdge

“Gold has been one of the best performers among major commodities this year. It has surged more than 20% year-to-date, supported by expectations of an interest rate cut from the Federal Reserve, strong central bank buying and robust Asian purchases”. Click on link below to learn more: https://lnkd.in/eE_kbYhJ #GoldInvesting #InvestInGold #GoldMarket #PreciousMetals #GoldInvestment #WealthPreservation #GoldBullion #DiversifyYourPortfolio #GoldAsAnInvestment #GoldPrice #GoldWealth

🔸Analysis of XAU/USD: Gold Price Sets Historical Record🔸 As the XAU/USD chart shows, on 16th July, the gold price rose above $2460 for the first time in history. The bullish sentiment is driven by: → Anticipation of Fed rate cuts, as the appeal of non-yielding bullion generally increases in low-interest-rate environments. → Geopolitical tensions, with an attempt on Trump's life possibly boosting demand for the "safe-haven asset." → Demand from central banks. Reuters reports that analysts at Commonwealth Bank of Australia believe the gold price could exceed their forecast of $2500 per ounce by the end of 2024. "It is worth highlighting gold's ability to find support under any conditions this year," they say. Can the gold price rise further? 🔗 Read the full article: https://cutt.ly/MejyD957 CFDs are complex instruments and come with a high risk of losing your money. #xau #XAUUSD #goldprice #goldtrading #commodities

Gold has hit another all-time high this past Friday, thanks to the Federal Reserve’s half-point interest rate cut and rising geopolitical tensions in the Middle East. 🌍💰 These key factors, along with strong demand from both investors and central banks, are likely to keep gold prices rallying over the next few months. Experts suggest we may even see new highs this week! With market momentum on the rise, it's possible that gold could surpass the $2,700.00 CAD level soon. However, a dip to $2,575.00 CAD could also be on the cards due to increased volatility. ⚡📊 Given the current upward momentum, it could be a good opportunity to buy on any dips, especially if prices retest the $2,575.00 CAD range. Keep an eye on market conditions for your next move! 🌐 https://lnkd.in/gDkA9kv2 📞 (416) 214-2442 #goldprices #marketupdate #InvestmentOpportunity #PreciousMetals #geopoliticaltensions #FinancialMarkets #GoldInvestment #FederalReserve #MarketVolatility #EconomicTrends #InvestSmart #goldforecast #ontario #toronto #canada #24goldgroup

Why gold hit an all-time high this year... and can it keep rising? As global markets navigate through periods of uncertainty, gold has ascended to unprecedented heights, nearly touching $2,400 an ounce and recording a 50% increase since the previous year. This surge is driven by central banks shifting their reserves away from U.S. dollars and a notable rise in demand from Chinese investors. With gold consistently viewed as a reliable safe haven, this trend raises important questions about its future trajectory amid fluctuating interest rates and shifting market conditions. Delve into an analysis of this year’s significant movements in gold prices and their implications for global investment strategies. https://linktr.ee/piefunds #GoldInvestment #MarketTrends #Investing2023 #FinancialAnalysis The Product Disclosure Statement, plus info on our duties and complaints process, is available at www.piefunds.co.nz.

The Gold Market outlook for ending May 2024 reflected a dynamic period characterised by fluctuating prices influenced by global economic conditions. Despite these fluctuations, gold maintained its status as a safe-haven asset, with demand from central banks and retail investors remaining robust. The market also saw increased interest in gold-backed financial products, highlighting the metal's enduring appeal in uncertain times. As global economic uncertainties persist, the outlook for gold continues to be cautiously optimistic. Read more https://bit.ly/3VDaZlT #Gold #MarketOutlook #QuantumMutualFund