Gold Falls
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Last week's bearish formation got met with a renewed breakout, taking gold up 2% from its 3,284 lows. Click to read.
Gold prices hover as traders await US rate clarity and dollar weakness to fuel the next big rally, says the Emkay Wealth report.
Gold prices nudged higher on Thursday as rising trade tensions steered market participants toward the safety of bullion, though gains were limited by an uptick in the dollar.
Producers of metals and other raw materials fell as the dollar advanced against peers. Gold futures rose, closing within 2.5% of all-time highs after President Trump threatened blanket tariffs of 35% on an array of Canadian imports, the latest escalation in a clash between Trump and Prime Minster Mark Carney.
As de-dollarization gains momentum, rising central bank gold purchases and widening currency swings signal that investors should hedge by keeping a modest 5%–10 % gold allocation and diversifying into select assets not denominated in dollars.
Gold's performance is influenced by geopolitics, trade wars, and central bank reliance, with negative consequences affecting the dollar index and gold.
Drawing on fresh data, historical parallels, and economic indicators, Maharrey lays out a compelling case: the dollar is in trouble, and gold is emerging as the true safe haven.
Gold dips below $3,300 as investors weigh safe-haven demand against a strong dollar and global economic uncertainty.
Gold prices pared earlier losses on Monday after U.S. President Donald Trump announced a 25% tariff on goods from Japan and South Korea starting August 1, prompting some safe-haven interest, though a strong U.