Rich Dad Poor Dad author Robert Kiyosaki predicts that if Donald Trump is re-elected as U.S. president, the dollar will weaken, leading to increased prices for gold, silver, bitcoin, and other assets. He forecasts gold will rise from $ 2,400 to $ 3,300 an ounce, silver from $ 29 to $ …
Asian Markets Cashed out During Recent Gold Rally
Buyers in Asian markets were reluctant to continue purchasing gold as it reached a new record high last week, opting to cash out and wait for deeper discounts. In India, sellers were offering discounts on gold bullion of over $ 65 per ounce, with local dealers preparing for regulatory changes, while in China, discounted …
Stonex Bullion’s Analyst Predicts Gold Increase Due to Heightened Political Confusion
Gold prices are poised to rise due to the current political uncertainty in the United States, according to Rhona O’Connell, head of market analysis at Stonex Bullion. This comes as economic indicators suggest potential changes in monetary policy. Stonex Analyst Rhona O’Connell: Gold Poised for Gains Amid U.S. Political and Economic Changes In recent weeks, […]
Zimbabwean Miner Launches Blockchain-Based Gold Tracking System
Zimbabwean mining company, Kuvimba Mining House, has introduced a blockchain-based mine-to-market traceability system for its gold production in the country. This system ensures that all gold from Kuvimba is traceable from the mine to international markets. Kuvimba, the country’s largest gold producer, emphasizes transparency, legitimacy, and responsible mining. The Comstack system, utilizing blockchain technology, enhances […]
JPMorgan Bullish on Gold Prices Into Year-End
Global investment bank JPMorgan remains optimistic about gold prices, projecting a significant rise in the fourth quarter of 2024 due to anticipated Federal Reserve rate cuts beginning in September. On Tuesday, the price of gold surged past its all-time high, bolstered by the Federal Reserve’s actions and the influence of former U.S. President Donald Trump. […]