Precious Metals News
Gold Surges Past $5,100 as Wall Street Lifts Its Forecasts
Gold prices have surged past $5,100 per ounce, extending a historic rally as investors move into the safe-haven asset amid ongoing market uncertainty and geopolitical risks. Analysts are now looking ahead: Societe Generale sees gold potentially reaching $6,000 by year-end, while Morgan Stanley's bull case targets about $5,700.
January's Funding Feud Could Tip Government Into Shutdown
We could be headed into another government shutdown by the end of January as lawmakers clash over federal funding. A new funding package must clear a tough 60-vote threshold in the Senate to advance, but key members are threatening to block it unless changes are made, making a shutdown increasingly likely as the deadline nears.
Gold and Bitcoin Split as Bank of America Sounds the Alarm on Stagflation
A clear divide has opened between gold and bitcoin in recent months, with gold surging to record highs while bitcoin has sold off sharply. Adding to the unease, Bank of America has issued a stark warning about rising inflation risks and the potential for stagflation.
Gold and Silver Hit Record Highs as Geopolitical Risks Shake Markets
Gold and silver surged to record-high prices as global markets reacted to renewed geopolitical uncertainty, largely tied to the dispute over Greenland, which rattled risk assets and pushed investors toward safe-haven metals. Analysts say there is more reason for gold to consolidate or move higher than to experience a sharp selloff.
Dollar Slides as Confidence in Fed Autonomy Ripples Through Markets
The U.S. dollar weakened as markets digested a criminal investigation into Federal Reserve Chair Jerome Powell, stoking concerns about threats to the Fed's independence. Investors are reassessing confidence in U.S. policy stability amid political pressure on monetary policy.
