A series of recent losses have seen gold retreat back from its level of $2,000 per ounce. However, Swiss bank UBS is among those who see a buying opportunity and a return to that price range. Gold is now sitting 4 percent below its year-to-date high reached in May 2023, noted a team of UBS…
Gold’s Drop Under $2,000 Is a Buying Opportunity, According to UBS and Other Analysts
Gold Prices Near Record Highs as US Banking Crisis Continues
May 12, 2023
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Gold prices are near record highs amid global geopolitical tensions and an ongoing crisis in the U.S. banking sector. Gold futures on the New York Mercantile Exchange hit a record high of $2,072 per ounce on May 4. Spot gold price on the day was also within a few cents of its all-time high of…
Masked Bandits Steal Gold From North Korean Armored Vehicle
An armored vehicle carrying 200 kilograms of gold was robbed when it stopped on the side of a North Korean highway in mid-November, a source has told RFA. Three masked robbers overcame two armed guards to take the gold worth some U.S.$11 million, the source said. The robbery occurred as the vehicle was destined for…
What Affects Gold Prices? Factors That Affect Gold Pricing
Whether you’re looking to invest in physical gold or use this precious metal to make jewelry, you likely wonder what affects gold prices. Predicting the price of gold isn’t as easy as tracking supply and demand. Several factors influence the price of gold, making price predictions tricky. This guide explains the most common factors affecting…
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