Latest news with #GoldCore
Globe and Mail
6 days ago
- Business
- Globe and Mail
Gold ETFs to Remain Strong Despite the Stock Market Rally
Rising global trade tensions and fears over ballooning fiscal debt are driving investors toward safe-haven assets, strengthening gold's position as a key refuge. This has led analysts in a Reuters poll to significantly raise their gold price forecasts, as quoted on Yahoo Finance. Upgraded Gold Forecasts In a recent poll of 40 analysts and traders, the median forecast for gold in 2025 rose to $3,220 per troy ounce from $3,065 in the previous survey. The 2026 projection climbed to $3,400, a notable increase from $3,000. Spot gold has already gained 27% year to date, hitting a record $3,500 per ounce in April as U.S.-China trade tensions intensified. David Russell of GoldCore suggested that if concerns around U.S. fiscal policy deepen, gold could realistically reach $4,000 by end-2026, as quoted on Reuters. Political and Fiscal Turmoil Fuel Demand Investor demand for gold has also been driven by uncertainty over trade deadlines with major U.S. partners and growing fiscal fears. These were recently inflamed by the passage of Trump's 'One Big Beautiful Bill,' expected to add $3.3 trillion to the national debt, according to nonpartisan analysts, per the Reuters article. Still, gold remains below its April highs. Julius Baer analyst Carsten Menke noted that the market is undergoing a short-term consolidation, lacking an immediate catalyst to resume its rally, as quoted in the above-mentioned source. However, the prospects for gold are still bright. Analysts point to central bank buying as a key driver behind gold's continued strength, reflecting a broader strategy to reduce dependence on the U.S. dollar. China has increased its gold reserves for eight successive months, while an ECB survey showed that nearly 40% of central banks are acquiring gold due to geopolitical risks. ETFs in Focus For investors looking to capitalize on this trend, gold ETFs, such as SPDR Gold Trust GLD, iShares Gold Trust IAU, SPDR Gold Minishares Trust of beneficial interest IAUM, and mining ETFs, such as VanEck Gold Miners ETF GDX, Sprott Junior Gold Miners ETF SGDJ and iShares MSCI Global Gold Miners ETF RING, offer attractive entry points (read: Why You Should Buy Gold Mining ETFs Now). Boost Your Portfolio with Our Top ETF Insights Zacks' exclusive Fund Newsletter delivers actionable information, top news and analysis, as well as top-performing ETFs, straight to your inbox every week. Don't miss out on this valuable resource. It's free! Get it now >> Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report SPDR Gold Shares (GLD): ETF Research Reports VanEck Gold Miners ETF (GDX): ETF Research Reports iShares MSCI Global Gold Miners ETF (RING): ETF Research Reports Sprott Junior Gold Miners ETF (SGDJ): ETF Research Reports
Globe and Mail
28-07-2025
- Business
- Globe and Mail
Analysts lift gold price forecasts
Global trade and fiscal debt concerns are feeding into a flight to safer assets, sharpening gold's edge as a haven from risk, prompting analysts in a Reuters poll to sharply raise their forecasts. The poll of 40 analysts and traders returned a median forecast of $3,220 per troy ounce of gold for this year, up from $3,065 predicted in a poll three months ago. The 2026 estimate rose to $3,400 from $3,000. Spot gold prices are up 27% so far this year after hitting a record $3,500 per ounce in April with the U.S. and China in the midst of a full-blown trade war, triggering regular forays into safe-haven assets. 'The first half of 2025 confirmed what many of us have long believed. Gold is not just a hedge. It is a signal,' said David Russell at GoldCore, calling $4,000 a realistic target by end-2026 should worries about the U.S. fiscal situation deepen further. Uncertainty over looming trade deadlines with key U.S. partners has bolstered safe-haven gold's appeal, while fiscal concerns got inflated by the passage of Trump's 'One Big Beautiful Bill,' which nonpartisan analysts expect to add $3.3 trillion to the national debt. Gold has yet to reclaim April's record highs, and 'the short-term consolidation is set to continue as the market misses an imminent trigger to restart the rally,' said Carsten Menke, an analyst at Julius Baer. Most analysts believe that central banks remain the bedrock of gold's rally, driven by the long-term diversification of reserves away from dollar dominance. China has added to its reserves for eight months consecutively, while an ECB survey showed nearly two-fifths of central banks cite geopolitical risk as a reason to hold gold. 'The multipolar world persists and with it the central banks' desire to be less dependent on the U.S. dollar as a reserve currency and - in an extreme case - less susceptible to U.S. sanctions,' Menke said. Silver has surged 32% so far this year, outperforming gold and nearing the key $40 mark for the first time in fourteen years. Analysts lifted their 2025 silver price forecast to $34.52 from $33.10 in the previous poll, aided by worries about U.S. tariff policy, signs of tightness in the spot market and growing investor interest in alternatives to gold. The average 2026 silver price forecast was raised to $38 per ounce from $34.58. Much of the recent surge came from inflows into exchange-traded products, and if that momentum slows, silver could become vulnerable despite expectations of another market deficit this year, said Standard Chartered analyst Suki Cooper.
Yahoo
28-07-2025
- Business
- Yahoo
Gold price to stay above $3,000/oz as flight to safety endures- Reuters poll
By Sherin Elizabeth Varghese (Reuters) -Global trade and fiscal debt concerns are feeding into a flight to safer assets, sharpening gold's edge as a haven from risk, prompting analysts in a Reuters poll to sharply raise their forecasts. The poll of 40 analysts and traders returned a median forecast of $3,220 per troy ounce of gold for this year, up from $3,065 predicted in a poll three months ago. The 2026 estimate rose to $3,400 from $3,000. [PREC/POLL] Spot gold prices are up 27% so far this year after hitting a record $3,500 per ounce in April with the U.S. and China in the midst of a full-blown trade war, triggering regular forays into safe-haven assets. "The first half of 2025 confirmed what many of us have long believed. Gold is not just a hedge. It is a signal," said David Russell at GoldCore, calling $4,000 a realistic target by end-2026 should worries about the U.S. fiscal situation deepen further. Uncertainty over looming trade deadlines with key U.S. partners has bolstered safe-haven gold's appeal, while fiscal concerns got inflated by the passage of Trump's "One Big Beautiful Bill," which nonpartisan analysts expect to add $3.3 trillion to the national debt. Gold has yet to reclaim April's record highs, and "the short-term consolidation is set to continue as the market misses an imminent trigger to restart the rally," said Carsten Menke, an analyst at Julius Baer. [GOL/] Most analysts believe that central banks remain the bedrock of gold's rally, driven by the long-term diversification of reserves away from dollar dominance. China has added to its reserves for eight months consecutively, while an ECB survey showed nearly two-fifths of central banks cite geopolitical risk as a reason to hold gold. "The multipolar world persists and with it the central banks' desire to be less dependent on the U.S. dollar as a reserve currency and - in an extreme case - less susceptible to U.S. sanctions," Menke said. Silver has surged 32% so far this year, outperforming gold and nearing the key $40 mark for the first time in fourteen years. Analysts lifted their 2025 silver price forecast to $34.52 from $33.10 in the previous poll, aided by worries about U.S. tariff policy, signs of tightness in the spot market and growing investor interest in alternatives to gold. The average 2026 silver price forecast was raised to $38 per ounce from $34.58. Much of the recent surge came from inflows into exchange-traded products, and if that momentum slows, silver could become vulnerable despite expectations of another market deficit this year, said Standard Chartered analyst Suki Cooper. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Reuters
28-07-2025
- Business
- Reuters
Gold price to stay above $3,000/oz as flight to safety endures: Reuters poll
July 28 (Reuters) - Global trade and fiscal debt concerns are feeding into a flight to safer assets, sharpening gold's edge as a haven from risk, prompting analysts in a Reuters poll to sharply raise their forecasts. The poll of 40 analysts and traders returned a median forecast of $3,220 per troy ounce of gold for this year, up from $3,065 predicted in a poll three months ago. The 2026 estimate rose to $3,400 from $3,000. Spot gold prices are up 27% so far this year after hitting a record $3,500 per ounce in April with the U.S. and China in the midst of a full-blown trade war, triggering regular forays into safe-haven assets. "The first half of 2025 confirmed what many of us have long believed. Gold is not just a hedge. It is a signal," said David Russell at GoldCore, calling $4,000 a realistic target by end-2026 should worries about the U.S. fiscal situation deepen further. Uncertainty over looming trade deadlines with key U.S. partners has bolstered safe-haven gold's appeal, while fiscal concerns got inflated by the passage of Trump's "One Big Beautiful Bill," which nonpartisan analysts expect to add $3.3 trillion to the national debt. Gold has yet to reclaim April's record highs, and "the short-term consolidation is set to continue as the market misses an imminent trigger to restart the rally," said Carsten Menke, an analyst at Julius Baer. Most analysts believe that central banks remain the bedrock of gold's rally, driven by the long-term diversification of reserves away from dollar dominance. China has added to its reserves for eight months consecutively, while an ECB survey showed nearly two-fifths of central banks cite geopolitical risk as a reason to hold gold. "The multipolar world persists and with it the central banks' desire to be less dependent on the U.S. dollar as a reserve currency and - in an extreme case - less susceptible to U.S. sanctions," Menke said. Silver has surged 32% so far this year, outperforming gold and nearing the key $40 mark for the first time in fourteen years. Analysts lifted their 2025 silver price forecast to $34.52 from $33.10 in the previous poll, aided by worries about U.S. tariff policy, signs of tightness in the spot market and growing investor interest in alternatives to gold. The average 2026 silver price forecast was raised to $38 per ounce from $34.58. Much of the recent surge came from inflows into exchange-traded products, and if that momentum slows, silver could become vulnerable despite expectations of another market deficit this year, said Standard Chartered analyst Suki Cooper.
Yahoo
13-04-2025
- Business
- Yahoo
Gold is at a fresh record high. Does it still make sense to buy?
Gold's performance has been impressive, to say the least, against a backdrop of changing U.S. tariff policies and a plunge in global stock markets. And while some worry about its climb to record highs, it may still be a good time to buy the precious metal. Treasury yields are surging despite market chaos. This isn't normal — and it worries Wall Street. Investors are shunning America. This wealth management giant says, actually, U.S. stocks are attractive. Here are this week's 20 best-performing stocks as the S&P 500 rallied I'm administrator of my sister's estate. Her bank won't tell me the names of her beneficiaries. Is that legal? My late uncle's house is in foreclosure. A woman claims to be his daughter and my cousin is a squatter. What can we do? It's not too late to profit from gold, said Jan Skoyles, U.K.-based head of marketing at precious-metals dealer GoldCore, in a video posted on YouTube Thursday. 'Not by a long shot — you're right on time,' she said. Gold's price climb, however, may suggest to some that it's too late catch the rally. Gold futures settled at their highest level on record Friday, with the most active, June contract GC00 GCM25 at $3,244.60 an ounce, up $67.10, or 2.1%. Despite a loss for the week ended April 4, prices are trading over 20% higher year to date. They've notched record-high settlements a total of 21 times so far in 2025, according to a Dow Jones Market Data analysis of FactSet data. Gold has broken through $3,000 an ounce, but that number 'isn't a finish line — it's a flare, a signal, an announcement that something much bigger is happening underneath the surface,' Skoyles said. 'Because when gold is surging, it doesn't mean that the economy is booming — it means the opposite. It means things are breaking or have already broken.' Gold rises when 'trust folds, when systems wobble, when people start asking whether the people in charge are really, truly in charge,' she said. 'So if you're sitting on the sidelines wondering if the ship has sailed, well, here's the simple truth: The ship hasn't even finished boarding.' The yellow metal has shown resilience, even as some investors sold gold to generate liquidity as the stock market plunged following President Donald Trump's 'liberation day' tariffs announcement on April 2. The president then announced this past Wednesday that he was pausing the planned tariff hikes for 90 days, but further raised tariffs on China. 'Gold typically is a source of liquidity in initial market selloffs, with mild price declines, after which it typically stabilizes as a haven from volatility in risk assets,' said Robert Minter, director of ETF investment strategy at Aberdeen Investments. It appears that pattern has occurred again, with gold selling off less than 5% and now at a new all-time high, he noted. Trump's trade-policy changes are reminding investors that gold is 'the only currency that is not someone else's debt,' said Minter. All currencies, other than gold, are backed by the 'faith and credit of the issuing nation,' subject to the stability of governments and their policies. In the U.S., government policy has seen big shifts since Trump took office in January. 'We've got an administration that isn't acting in the way the market expects it to, and traditional expectations for markets are deteriorating,' said Dina Ting, head of global index portfolio management at Franklin Templeton. 'Given Trump's tariff policy continues to puzzle investors, we believe central banks should continue to store gold as they shift reserves away from [U.S.] dollars.' Read: Collapse of the dollar shows 'the biggest damage right now is to the U.S. brand' Gold imports, meanwhile, are exempt from Trump's tariff plans. That reflects the metal's 'unique status as a monetary metal critical to financial markets and central-bank reserves,' said Michael Meechan, director of investments at Hollow Brook Wealth Management. 'This exemption may help stabilize the precious metal despite broader trade disruptions.' He said the Trump tariffs 'did not change the way investors view gold; they reinforced it.' Gold has 'long been seen as a store of value in times of uncertainty, and the administration's tariff-centric policy approach, coupled with the accompanying volatility seen in both the bond and stock markets, has only further strengthened that perception.' Keep mind, however, that gold shouldn't be part of a get-rich-quick scheme. 'Gold won't make you rich overnight, but it might stop you [from] becoming poor over time,' said GoldCore's Skoyles. 'Gold is not a bet. It's a ballast,' Skoyles said. 'You don't hold gold to chase returns. You hold gold so your other assets don't drag your entire future into a ditch when the music stops.' With that mind, diversification may be key for investors. Asset-management company DWS suggests that investors to keep a 'diversified portfolio' that includes 5% to 10% exposure to alternatives, depending on risk preference, said Darwei Kung, portfolio manager of commodities at DWS. Alternative investments are those outside of traditional categories such as stocks and bonds. Exchange-traded funds are a 'relatively cost-efficient way' to gain physical gold exposure without having to deal with storage issues, he said. The gold-backed SPDR Gold Shares ETF GLD is trading 23% higher year to date. Gold has held up very well during challenging equity-market conditions, Kung added. With inflation poised to rise from the impact of broad-based tariffs, 'we expect gold to continue to shine as a diversifier for everyone's investment portfolio.' Meanwhile, the speed of gold's move is significant and shows 'this isn't just a rally — this is a rupture,' said Skoyles. She provided previous examples of when gold broke through a milestone price, such as $2,000 an ounce during the COVID pandemic. 'Each time, it wasn't a celebration; it was a symptom. It was a warning light flashing on the global dashboard,' she said. Gold jumped from $2,500 to $3,000 in just 210 days, Skoyles noted, adding that it normally takes years for it to move that much. Previous $500 jumps took over 1,700 days on average, she said. While many people hear $3,000 an ounce and think they've missed their opportunity in gold, that's 'like refusing to get on the motorway just because the traffic's moving,' Skoyles said. 'If anything, the need to get there is more urgent than ever. 'People are realizing that gold isn't for the end of the world,' she added. 'It's for the world we're in.' Buyers show up in force for Treasury's 10-year auction, shocking bond traders 'He gave me a week to get out': My son and I bought a house — now I'm homeless and living in a car. Can I sue him? 'I'm stuck': I'm a single mom with a 6-year-old child. What can I do to earn money fast? My cousin died before receiving our uncle's $2M inheritance. Will the rest of the family receive this money instead? 'I've made the most money over the last 30 years buying solid companies in terrible markets': Should I start buying?
