Gold is on a tear, rising repeatedly to never-before-seen price levels this year — and its rally shows few signs of a slowdown anytime soon thanks to demand from central banks and falling real interest rates. That has left investors to seek out the best way to gain exposure to the precious metal.
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.
Ernest Hoffman is a Crypto and Market Reporter for Kitco News. He has over 15 years of experience as a writer, editor, broadcaster and producer for media, educational and cultural organizations.
Surging to $2,721, gold shows strong bullish momentum with key targets at $2,754 and $2,815, supported by a breakout from the bull flag pattern.
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.
The bull market in precious metals is just beginning and is expected to continue into the early 2030s.
For investors seeking momentum, Goldman Sachs Physical Gold ETF AAAU is probably on the radar. The fund just hit a 52-week high and is up 39.27% from its 52-week low price of $19.15/share.
The gold market continues to see a lot of noisy behavior, as the buyers remain strong. At this point in time, the pullbacks all seem very opportunistic, and therefore it is likely that we will continue to break much higher over the longer term.
The gold market continues to see a lot of upward pressure, as the markets continue to focus on a handful of things that all seem to favor gold going much, much higher at this point. With this being the case, I remain very bullish of this market and think pullbacks
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.
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.