Why Gold Prices Keep Going Up And Up Gold is soaring to all time highs, holding above $3,100 oz and on pace for its best quarter since 1986 — up nearly 19% year to date. futures prices surged as high as $3,162, and silver is also. Kitco news has a diverse team of journalists reporting on the economy, stock markets, commodities, cryptocurrencies, mining and metals with accuracy and objectivity. our goal is to help people make informed market decisions through in depth reporting, daily market roundups, interviews with prominent.
Shocking Gold Going Parabolic Vs All World Currencies Take A Look Gold is hitting records in more ways than one. in nominal terms, the yellow metal set multiple new all time highs last week, and today, the metal exceeded $3,400 an ounce for the first time ever. (kitco news) gold prices surged past $3,100 per ounce monday, notching new record highs and closing out q1 as the best performing quarter for the yellow metal in nearly four decades. spot gold reached an intraday peak of $3,128.06, while june comex futures touched $3,162. The record setting bull run in the gold market has seen price action now go “parabolic.” in trading terms, that means prices are moving nearly straight up. today, june comex gold futures. Gold has soared about 32% since the outset of 2024, outpacing the 23% growth in the s &p 500 and a 28% surge in the tech heavy nasdaq over that same period.
Gold Price Makes New Record The Daily Star The record setting bull run in the gold market has seen price action now go “parabolic.” in trading terms, that means prices are moving nearly straight up. today, june comex gold futures. Gold has soared about 32% since the outset of 2024, outpacing the 23% growth in the s &p 500 and a 28% surge in the tech heavy nasdaq over that same period. Spot gold prices ended friday at a new record of $2,622 per troy ounce in new york, according to factset data, extending its year to date gain to 27.1%, topping the u.s. benchmark s&p 500. Where does the price of gold stand today? the new york spot price of gold closed tuesday at just over $2,657 per troy ounce — the standard for measuring precious metals, which is. Gold bigger picture . the current trend in gold started just over a year ago, and it was the catalyst to that move that i think remains important today. after resistance at the $2k level for the prior three and a half years, gold spent the first month and a half of 2024 trade holding above the psychological level. The shorter term 7 month chart is very useful as it helps us to appreciate that the new upleg that is following on from the consolidation into june – july is now well underway with the price making new highs, but is still in its earliest stages with the parabolic uptrend shown set to slingshot gold higher.