central banks

Bitcoin sheds light on gold as debt fears drive investment in US dollar alternatives – Wells Fargo

Bitcoin sheds light on gold as debt fears drive investment in US dollar alternatives – Wells Fargo

(Kitco News) – Bitcoin’s surge to all-time highs above $73,000 per token is helping fuel gold’s flight above $2,150 as growing demand for alternative currencies becomes insatiable, according to one market strategist. In an interview with Kitco News last week, John LaForge, head of real assets at Wells Fargo, said he expects this to be …

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JPMorgan raises its 2024 Fed rate cut forecasts, gold investments

JPMorgan raises its 2024 Fed rate cut forecasts, gold investments

(Kitco News) – Gold prices continue to hold above $2,000 an ounce in the new year and the precious metal will benefit from further rate cuts in 2024 along with a return to investment demand, according to commodity analysts at JPMorgan. Although the investment bank still maintains that “the only structural upside we see is …

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Precious Metals: Assessing the Investment Potential of Silver in 2023

In an ever-changing global financial landscape, investors are looking for opportunities to protect their wealth and diversify their portfolios. Precious metals have traditionally served as a safe haven for investors during times of economic uncertainty, and silver is no exception. In 2023, it continues to arouse the interest of those who appreciate its investment potential. …

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