Despite its surge to new record highs, Mike McGlone sees gold outperforming other assets – from silver and stocks to oil – in 2024. - Gold and silver prices are higher at midday but down from their overnight highs that saw gold hit a record high of $2,454.20 an ounce, basis June Comex futures, and silver hit an 11-year high of $32.75 an ounce, basis July Comex futures.The best performing precious metal for the week was silver, up 11.
The latest Kitco News Weekly Gold Survey has the overwhelming majority of industry experts believing gold prices could reach or surpass their all-time highs, while retail traders are a little more restrained on the precious metal’s prospects. - This 5-minute bar chart for Comex gold futures can be a valuable analytical and trading tool for the active intra-day gold futures trader/market watcher. - Monday, May 20—May bitcoin futures prices are firmer in early U.S.
- Big mining deals are going to bring needed attention to the mining sector and build more enthusiasm, noted Adam Lundin, chair of Lundin Group.'It hard not to get excited when you see a blockbuster deal like that' - Adam Lundin on mining M&AThe greatest macroeconomic story ever told? How high rates and boomer spending saved America
If the boomers’ spending cushion and the Fed’s medium-high rates combine to accomplish nothing other than preventing mass unemployment, this would still be among the least damaging downturns in modern history and one of the greatest macroeconomic stories ever told. - As the U.S. grapples with stagflation—a troublesome mix of stagnant growth and persistently high inflation—investors are steering towards sectors that promise stability and growth.
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Gold SWOT: China’s central bank topped up its gold reserves for an 18th straight monthThe Kitco News Team brings you the latest news, videos, analysis and opinions regarding Precious Metals, Crypto, Mining, World Markets and Global Economy.
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