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Category Gold

Commodity wrap: oil flat as traders eye OPEC+ meeting; gold slips, while silver outshines

Commodity wrap: oil flat as traders eye OPEC+ meeting; gold slips, while silver outshines

Oil prices remained flat on Thursday as trading volumes were thin due to the US Thanksgiving holiday.  Gold prices fell from two-week high as inves...
Stablecoins Buying Gold Could Lift Bitcoin Above $100K, Says Tom Lee

Stablecoins Buying Gold Could Lift Bitcoin Above $100K, Says Tom Lee

Thomas Lee of FSInsight said recent data confirms his earlier claim that crypto stablecoins have become the world’s largest buyers of gold. He note...
USDT Issuer Tether Becomes Largest Independent Gold Holder

USDT Issuer Tether Becomes Largest Independent Gold Holder

USDT issuer, Tether, is now the world’s largest independent gold holder, with almost $8.7 billion worth of the…
EU conflict looms as Italy moves to declare gold reserves state property

EU conflict looms as Italy moves to declare gold reserves state property

Italian lawmakers are pushing ahead with a controversial claim that the central bank’s $300 billion in gold reserves should be declared state prope...
Goldman Sachs’ Struyven sees gold hitting $4,900 on central bank and Fed tailwinds

Goldman Sachs’ Struyven sees gold hitting $4,900 on central bank and Fed tailwinds

Gold prices are forecast to rise to $4,900 per ounce next year, according to Daan Struyven, head of oil research at Goldman Sachs.  This expected s...