Federal Reserve Announces First Rate Cut in Over 4 Years
Today, the Federal Reserve announced their decision to cut interest rates by 50 basis points (0.5%), marking the first rate since the early days of the COVID-19 pandemic.
gold price
Wealthy Family Offices Buying Gold
A new report from the World Gold Council indicates that private purchases of gold reached 329 tonnes from April to June, a nearly fivefold increase from the previous quarter.
BRICS Demand Driving Gold Prices and Dumping US Treasuries
In 2024, China alone offloaded $53.3 billion worth of US Treasury bonds while accumulating substantial amounts of gold.
Gold Price Cracks $2,300 oz and Holds Steady
With central banks around the world buying gold in recent years, the price of gold rallied past $2,300 per ounce on Thursday, shocking retail investors and marking a new all time high for the shiny metal.
Shanghai Gold Price Ends the Year over $2,100 per ounce
As one of the largest markets for physical gold, the demand and supply dynamics in the SGE can have a ripple effect on global gold prices.
This week, the Shanghai Gold Price topped the $2,100 per ounce resistance, closing the year at a record breaking $2,118.20 per ounce, the highest price per ounce in history.