Shares of gold producers and explorers climbed on Monday as gold hit a new record high above $2,900 per ounce. The yellow metal was up 1.6% at $2,933.60 on Monday afternoon.
Spot gold tested historic highs as traders focused on trade wars.
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.
Gold was shining bright Monday morning, as investors monitored the tariff front for expected developments this week.
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.
Global holdings in gold-backed exchange-traded funds (ETFs) have risen at the start of 2025 thanks to soaring European inflows. That's according to latest data from the World Gold Council (WGC).
The gold market has eclipsed the psychologically important $2900 level on Monday in the early hours of trading. At this point, it remains “buy on the dips.
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.
Yardeni: Inflation, tariffs, plus countries accumulating gold as a haven from U.S. sanctions.
Trump's 25% steel and aluminum tariffs rattle markets, fueling inflation fears and currency swings. Traders brace for volatility as the Fed weighs its next move.
Gold and silver rally amid trade war fears, but USD strength limits gains. Can XAU/USD break resistance, or will strong US data pressure metals lower?