Sticky Inflation Boosts Gold
Gold continued to rally in April, trading above $2,400 during the month.
Stay updated with breaking news from Imaru Casanova. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Gold continued to rally in April, trading above $2,400 during the month.
What's really driving the gold price surge?
Gold prices are still pushing aggressively higher. Last checked, the metal was up another $26.10 to $2,337.80 and could race even higher to $2,500. For one, central bank buying isn’t showing any signs of cooling off, with China buying even more ...
Gold prices: Factors affecting gold prices this week were a sudden shift in expectation of US interest rate cut and rising demand for safe-haven assets. Besides, geopolitical tensions in the Middle East and between Russia and Ukraine, along with an earthquake in Taiwan, led to increased investment in gold and other precious metals.
Speaking at the latest Benzinga's Virtual Event, Imaru Casanova highlighted that gold companies are currently greatly undervalued.