Gold prices dip to $2,575 as investors await the FOMC decision, while silver surges to $30.85 driven by industrial demand and Fed rate cut expectations.
Warns of a potential "hockey stick" trajectory for gold prices, similar to the 2008 financial crisis and the Bitcoin boom.
Bank lists three bearish factors that could contribute to lower gold prices, but none of the factors are occurring
Gold reaches a record $2,557 while silver surges, driven by inflation fears and expected rate cuts.
Gold hasn’t had positive returns in September since 2016. The facts behind the “curse” could shed light on where that money goes.
Speculators that buy gold, silver at the Fed’s first rate cut have performed spectacularly in unwinding economies
With US confidence at 103.3, the dollar briefly surged but has since dipped, lifting gold while silver remains steady near $30.
Gold and silver are gaining momentum, with gold near $2,515.83 and silver at $30.02, both approaching critical resistance levels that could trigger further gains.
Gold is surging toward record highs as Fed Chair Powell's dovish remarks fuel investor confidence in a potential rate cut, boosting safe-haven demand.
Global bank releases note suggesting $3,000 an ounce spot price of gold within the next 12 months
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