Goldman Sachs Physical Gold ETF [AAAU] Stock Forecast

(Kitco News) - Federal Reserve Governor Christopher Waller has given gold prices a boost on Tuesday after a speech in which he listed several indications that inflation was indeed continuing to retreat back toward the central bank's 2% target.

Gold extended gains to its highest level since May while copper advanced as the latest comments from Federal Reserve officials bolstered bets the US central bank will start cutting interest rates next year. Michael Cuggino of the Permanent Portfolio Family of Funds talks about hit outlook for the metal, the dollar and fixed income.

Gold's surge, breaking resistance and eyeing record monthly and weekly closes, marks a remarkable rally, challenging previous highs and setting sights on new territory.

(Kitco News) - Steel will be the strongest trade in the first quarter of 2024, and base metals will rally during the second half of the year, but summer will be gold's time to shine, according to metals strategists at Bank of America.

Gold prices have soared to a six-month high, driven by a range of factors. These include a weakened U.S. dollar and speculation that the U.S. Federal Reserve has finished raising interest rates.

U.S. dollar's pullback fueled a strong rally in precious metals markets.

(Kitco News) - Gold and silver prices are solidly higher near midday Tuesday, with gold notching a six-month high. Both precious metals are supported today by some less-hawkish “Fed-speak,” bullish near-term technical postures and a slumping U.S.

(Kitco News) - Spot gold's rally to a six-month high may yet be undermined by softening demand in China and India, according to Clyde Russell, Asia Commodities and Energy Columnist at Reuters.

(Kitco News) - The gold market is holding near a six-month high, seeing little reaction to better-than-expected U.S. consumer optimism.

Gold markets rallied just a bit during the trading session on Tuesday, as it looks like we are threatening a double top.