Gold Prices

Peter Schiff Predicts ‘Mother of All Gold Bull Markets’ — Early Signs of Massive Gold Surge

October 20, 2024 Bitcoin.com

bitcoin.com

Economist and gold advocate Peter Schiff predicts the “mother of all gold bull markets” as gold prices surge to a record $2,720 per ounce. He attributes the rally to inflation fueled by central banks, warning that fiat currencies are losing value. Schiff suggests this is only the start and encourages investors to act before prices […]

El Salvador buys 11 BTC only a day after reaching a deal with IMF

Peter Schiff: Gold Set for Best Year Since 1979 — ‘Investors Haven’t Noticed Bull Market’

September 22, 2024 Bitcoin.com

1979

Economist and gold advocate Peter Schiff says gold is “set to have its best year since 1979 when it rose 126%.” He highlighted that gold is up over $540 so far this year, which is its “largest dollar gain in history.” He further explained that “investors still haven’t noticed the bull market or added mining […]

El Salvador buys 11 BTC only a day after reaching a deal with IMF

Peter Schiff Warns Fed’s Rate Cut Spells Economic Disaster — ‘It’s Game Over for the Fed’

September 19, 2024 Bitcoin.com

bitcoin.com

Economist and gold advocate Peter Schiff has sounded the alarm on the Federal Reserve’s latest actions, linking a significant rate cut to rising gold prices and a weakening U.S. dollar. His warning about a deepening recession and rising inflation adds weight to concerns about future economic stability. “It’s game over for the Fed,” Schiff stressed. […]

El Salvador buys 11 BTC only a day after reaching a deal with IMF

Markets Await Fed Decision: Bitcoin Spikes, Gold Drops, Stocks Wobble

September 18, 2024 Bitcoin.com

Bitcoin

Bitcoin saw its value leap to $61,331 on Tuesday, just a day before members of the U.S. Federal Reserve convene to discuss a potential rate cut for federal funds. While BTC posted a 5% gain, stock markets exhibited mixed signals, hovering near previous highs, and gold dipped more than half a percent that day. Bitcoin […]

El Salvador buys 11 BTC only a day after reaching a deal with IMF

Calm Markets: Stocks, Crypto, and Gold Show Little Movement Post CPI

September 11, 2024 Bitcoin.com

Bitcoin

The latest consumer price index (CPI) from the U.S. Bureau of Labor Statistics shows that inflation cooled to 2.5% in August, marking the slowest rate since 2021. Meanwhile, core CPI, which strips out the fluctuating food and energy sectors, posted a 0.3% increase for the month. Stocks, Bitcoin, and Gold Unmoved by CPI Data On […]

El Salvador buys 11 BTC only a day after reaching a deal with IMF

$2,700 in 2025: Goldman Sachs Has ‘Highest Confidence’ in Gold Amid Market Challenges

September 4, 2024 Bitcoin.com

bitcoin.com

While gold dipped below $2,500 per ounce, Goldman Sachs commodity analysts remain optimistic, suggesting gold could experience a “potential gain of 8%” amid the “current softening cyclical environment.” Goldman market strategists are particularly confident in this precious metal, stating that, out of all commodities, they have the “highest confidence” in gold. Gold Dips, but Goldman […]

El Salvador buys 11 BTC only a day after reaching a deal with IMF

PCE Report Triggers Gold Slide, Analyst Warns Fed Rate Cut Could Deepen Losses

August 30, 2024 Bitcoin.com

Bitcoin

On Friday, Aug. 30, 2024, gold experienced a decline in value, coinciding with the U.S. Commerce Department’s release of the personal consumption expenditures (PCE) price index data. The PCE climbed by 2% in July, aligning perfectly with market expectations. During the day, gold hit a low of $2,495, but it later bounced back, crossing the […]

El Salvador buys 11 BTC only a day after reaching a deal with IMF

Peter Schiff Warns of Looming US Dollar Crisis and Economic Collapse

August 25, 2024 Bitcoin.com

bitcoin.com

Economist and gold advocate Peter Schiff has cautioned about the U.S. dollar index falling substantially, “triggering a U.S. dollar crisis, crashing the economy, and sending consumer prices and long-term interest rates soaring.” Schiff further warned of higher inflation and stagflation, impacting consumer prices and interest rates. He criticized the Federal Reserve’s current strategies, cautioning against […]

El Salvador buys 11 BTC only a day after reaching a deal with IMF

Gold Shatters Records as Investors Brace for Economic Turbulence

August 20, 2024 Bitcoin.com

bitcoin.com

Precious metals prices are on the move again, with gold hitting a new peak of $2,564 during Tuesday’s trading sessions. As of now, gold is being traded at $2,527 per ounce, while silver has climbed more than 6% this week, currently standing at $29.68 per ounce. Market trends show that the prices of precious metals […]

El Salvador buys 11 BTC only a day after reaching a deal with IMF

Gold Demand Hits Q2 Record High, Driven by Central Bank Purchases, World Gold Council Reports

July 31, 2024 Bitcoin.com

bitcoin.com

The World Gold Council’s Q2 2024 report highlights a year-on-year increase in gold demand, marking the highest second-quarter demand since 2000. This surge is fueled by central bank purchases and OTC investments, with central bank gold buying up by 6% and technology sector demand rising by 11%. Q2 2024 Sees Record Gold Demand The World […]

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