Gold (GC=F) futures sat near $4,000 per ounce on Friday, remaining steady after last month’s sharp sell-off but raising questions over where the precious metal is headed next. Gold remains on pace for its best year since 1979, driven by central bank purchasing, increased inflows into exchange-traded funds (ETFs), and bar and coin purchases. But…
Gold prices tumbled in their biggest daily drop in over ten years as a stunning rally in precious metals came to a halt. Futures for the yellow metal (GC=F) dropped as much as 5.5% to hover near $4,141 per troy ounce, on pace for their largest one-day drop in 12 years. Silver futures (SI=F) also…
Gold (GC=F) climbed to new records on Wednesday as silver (SI=F) and bitcoin (BTC-USD) continued a run higher. Investors are looking for hedges against mounting government debt and a broader shift away from fiat currencies toward what some analysts have dubbed the “debasement trade.” Gold futures blew past $4,060 per troy ounce to touch a…