Gold Market Update: Record High Prices and Bullish Momentum

Gold prices surged to record highs, with spot gold topping $3,890/ounce and US-listed shares of precious metal miners rallying. Despite short-term volatility and dramatic price swings, gold demonstrated resilience and closed higher, maintaining a bullish momentum. Key players like Anglogold Ashanti, Harmony Gold, Coeur Mining, Gold Fields, Barrick Mining, and Newmont Mining experienced notable gains. Analysts remain optimistic about the future outlook of the gold market.

Latest News

10-02
Australian shares climb as gold rally boosts miners
Australian shares climb as gold rally boosts miners
10-02
State Street Issues Strong Bullish Signal: $4000 Gold Price is Just a Matter of Time!
State Street Issues Strong Bullish Signal: $4000 Gold Price is Just a Matter of Time!
10-02
Stock Track | ZIJIN GOLD INTL Soars 5.89% as Gold Prices Hit Record Highs
Stock Track | ZIJIN GOLD INTL Soars 5.89% as Gold Prices Hit Record Highs
10-02
Australian Gold Stocks Rise as Gold Prices Hit Record Highs
Australian Gold Stocks Rise as Gold Prices Hit Record Highs
10-02
Gold Prices Surge Over 3% in Five Days, Silver Nears $48 Hitting New High Since 2011
Gold Prices Surge Over 3% in Five Days, Silver Nears $48 Hitting New High Since 2011
10-02
全球金市：金价创纪录新高，受美元走软和避险需求提振
全球金市：金价创纪录新高，受美元走软和避险需求提振
10-02
GRAPHIC-Gold blazes past $3,800 on record run as silver nears fresh peak
GRAPHIC-Gold blazes past $3,800 on record run as silver nears fresh peak
10-01
BUZZ-金矿商上涨，金银因美国停摆和美联储降息押注而创纪录
BUZZ-金矿商上涨，金银因美国停摆和美联储降息押注而创纪录
10-01
BUZZ-Gold miners gain as bullion hits record on US shutdown, Fed rate cut bets
BUZZ-Gold miners gain as bullion hits record on US shutdown, Fed rate cut bets
10-01
PRECIOUS-Gold hits record high on U.S. government shutdown and Fed rate cut bets
PRECIOUS-Gold hits record high on U.S. government shutdown and Fed rate cut bets
10-01
Spot Gold Tops $3,890/Ounce, Up 0.82% Intraday. Gold Stocks Rally With Anglogold up over 3%; Harmony Gold, Coeur Mining up 2%
Spot Gold Tops $3,890/Ounce, Up 0.82% Intraday. Gold Stocks Rally With Anglogold up over 3%; Harmony Gold, Coeur Mining up 2%
10-01
Kinross Gold up 1.4%, Gold Fields Rises 1.9%, Anglogold Ashanti Adds 3.4%
Kinross Gold up 1.4%, Gold Fields Rises 1.9%, Anglogold Ashanti Adds 3.4%
10-01
US-Listed Shares of Precious Metal Miners up Premarket as Gold Prices Hit Record High
US-Listed Shares of Precious Metal Miners up Premarket as Gold Prices Hit Record High
10-01
Spot Gold Extends Gains, Last up Nearly 1% to $3,95.09
Spot Gold Extends Gains, Last up Nearly 1% to $3,95.09
10-01
Chen Junji: Gold Remains Bullish Despite Volatile Roller Coaster Movement
Chen Junji: Gold Remains Bullish Despite Volatile Roller Coaster Movement
10-01
Gold Surges in September, Bullish Momentum Expected to Continue in October
Gold Surges in September, Bullish Momentum Expected to Continue in October

User Discussion

avatarThe0
10-01
Gold has surged to record levels, driven by a mix of economic and geopolitical factors, and main the US government shutdown that took place on 1st October. Further to that, persistent global uncertainty, slowing growth in major economies, and elevated government debt have fueled demand for safe-haven assets. Central banks, especially in emerging markets, continue to increase gold reserves as a hedge against currency volatility and geopolitical risks. Meanwhile, a weakening dollar further boosts gold’s appeal. With supply growth limited, the combination of strong central bank buying and investor demand is pushing prices to new records. Afterall with a weakening US Dollar and uncertain geopolitical situations, it may be wise to take up a small exposure into Gold as a form of recessionary hed
RepostReply