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Gold appealing to younger family office investors amid market volatility
BySirhcSource: CRAIN CURRENCY | Marcus Baram Jun 15, 2023 KRISTINA RUOTOLO For centuries, gold has retained an allure as a safe-haven asset, especially during times of turbulence and market volatility. Family offices and ultra-high-net-worth investors — using gold as part of their asset diversification strategy — have recently helped boost its price, which has increased…
Surge in China’s Demand for Gold Is Slowing as Economy Stumbles
BySirhcThe jitters affecting the world’s second-biggest economy are starting to feed through into China’s gold market. Source: Bloomberg: Published Jun 19, 2023 • 2 minute read (Bloomberg) — The jitters affecting the world’s second-biggest economy are starting to feed through into China’s gold market. Article content A surge in purchases by Chinese residents, driven by pent-up demand…
Silver Price Analysis: XAG/USD seems poised to retest multi-month high, north of $24.00
BySirhcSource: By Haresh Menghani Silver catches fresh bids on Tuesday and rallies to the $24.00 neighbourhood. The technical setup favours bulls and supports prospects for additional gains. A break below the $22.80 confluence is needed to negate the positive outlook. Silver gains strong positive traction on Tuesday and rallies to a fresh daily high, back closer…
Platinum Continues To Lag Other Precious Metals; That Could Be About To Change
BySirhcThis article was written exclusively for Investing.com Gold hits an all-time high Silver’s wild ride to the upside Palladium and rhodium in bull markets Platinum could be next Lately, precious metals have been all the rage. Early Monday morning, spot gold hit an all-time high, rising above $1,933; at time of writing, gold futures are closing in on that…
These Are The Six Countries With The World’s Largest Gold Reserves
BySirhcAuthored by Lawrence Thomas via GoldTelegraph.com, For almost a decade, global central banks have been avid gold buyers. Gold purchases by central banks in 2018 rose 36 percent over the previous year. Central banks are now holding 366 tons of the yellow metal. These gold purchases are the largest since 1971 when President Nixon ceased…