Gold prices could hit $3,500 an ounce driven by central bank buying and other investors piling in to the metal according to the Bank of America. Bullion neared $3,150 an ounce, on pace for a fourth day of gains as President Donald Trump prepares to unveil reciprocal tariffs.
Gold prices crossed the $3100 level for the first time. There is scope for further upside.
Jim Wyckoff has spent over 25 years involved with the stock, financial and commodity markets. He was a financial journalist with the FWN newswire service for many years, including stints as a reporter on the rough-and-tumble commodity futures trading floors in Chicago and New York.
Jim Wyckoff has spent over 25 years involved with the stock, financial and commodity markets. He was a financial journalist with the FWN newswire service for many years, including stints as a reporter on the rough-and-tumble commodity futures trading floors in Chicago and New York.
While the general stock market is going through a rough patch to start 2025, several ETFs are striking gold. The three best-performing ETFs in 2025 with over $1 billion in assets under management (AUM) are all gold and silver mining ETFs.
XAU/USD rally fueled by geopolitical tension, ETF inflows, and Fed cut bets. Gold analysis shows overbought signals—watch for short-term pullback.
China stocks gain on stimulus bets, but risks from tariffs and weak demand may cap momentum.
Jeremy Szafron joins Kitco News as an anchor and producer from Kitco's Vancouver bureau. Jeremy is a seasoned journalist with a diverse background covering entertainment, current affairs and finance.
Gold advanced to a record high of more than $3,100 an ounce on Monday, capping off a blockbuster quarter of gains.
Gold prices saw another strong rally Monday, with prices continuing their run to record highs, but analysts warned that prices may soon see a pullback, despite uncertainty surrounding U.S. tariffs set for April 2 that has been supportive for the safe-haven asset.
BofA Securities analyst Lawson Winder discussed the performance of gold price last week and where it is headed.
Neils Christensen has a diploma in journalism from Lethbridge College and has more than a decade of reporting experience working for news organizations throughout Canada. His experiences include covering territorial and federal politics in Nunavut, Canada.