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Gold price today, Friday, September 26: Gold edges toward $3,800 on new tariff announcements
Yahoo Finance· 2025-09-22 11:59
Core Insights - Gold futures opened at $3,781.50 per ounce, reflecting a 1.2% increase from the previous day's close of $3,736.90, and have gained nearly 8.5% in September [1][4]. Price Movements - The opening price of gold futures on Friday is up 3.3% from the opening price of $3,659 one week ago on September 19 [4]. - In the past month, gold futures increased by 11.9% compared to the opening price of $3,378.90 on August 26, 2025 [4]. - Over the past year, gold has risen 42% from the opening price of $2,662.30 on September 26, 2024 [4]. Market Influences - President Trump's announcement of new tariffs on various industries, including a 100% levy on branded pharmaceuticals and 25% to 50% on heavy trucks and furniture, has contributed to gold's price increase as investors seek safe-haven assets [2][3]. - The uncertainty surrounding the economic repercussions of Trump's tariff agenda may further drive demand for gold [3]. Industry Trends - Analysts are bullish on gold, with Goldman Sachs predicting a price of $3,700 per troy ounce by year-end 2025, representing a 40% increase from the January 2 opening price of $2,633 [11]. - Rising demand from central banks and uncertainty related to U.S. tariff policy are key factors driving the increase in gold prices [11]. Retail Opportunities - Costco has begun selling gold bars, silver coins, and platinum bars, providing a convenient option for investors looking to diversify their wealth [6][7].
After Touching a 14-Year High, How Much Higher Can Silver Go From Here?
Yahoo Finance· 2025-09-09 15:15
Group 1 - December silver futures are currently in a strong uptrend, having reached a 14-year high this week [1] - The MACD indicator shows a bullish posture, with the blue MACD line crossing above the red trigger line and both trending upwards [1] - There is a significant movement among major industrialized countries to stock up on strategic and precious metals, which is expected to continue and is bullish for precious metals in the long term [2] Group 2 - Safe-haven demand is likely to support continued buying interest in silver, often referred to as "poor man's gold" [2] - A breakout in December silver futures above the recent high of $42.355 would present a buying opportunity, with an upside price objective of $47.00 or higher [2] - Technical support for protective sell stops is identified at $40.40 [2]
ASA: Gold Miners Are Just Getting Warmed Up
Seeking Alpha· 2025-09-04 20:37
Group 1 - ASA Gold and Precious Metals Limited is a Bermudan closed-end fund that focuses on investing in gold and other precious metals miners [1] - The fund generally receives little attention in the financial media despite its specialization in precious metals [1] Group 2 - The service mentioned aims to generate a 7%+ income yield by investing in a portfolio of energy stocks while minimizing principal loss [1] - Subscribers gain access to exclusive investment ideas and in-depth research not available to the general public [1] - A two-week free trial for the service is currently being offered [1]
$3,400 gold means silver at $50/oz: ‘We still see tremendous upside for silver' - Amplify's Miller
KITCO· 2025-08-27 18:12
Group 1 - The article discusses the current prices of silver and gold, indicating that silver is priced at 29,200 and gold at 20,100 [1] - It highlights fluctuations in the prices of these precious metals, with silver previously at 23,400 and gold at 20,200 [2] Group 2 - The author, Neils Christensen, has over a decade of experience in financial reporting, particularly in the Canadian economic sector [3]
EMX Royalty: A Conservative Investment In Commodities And Gold
Seeking Alpha· 2025-03-10 05:24
Core Insights - EMX Royalty Corp. has evolved from a prospect generator to a more established entity in the precious metals sector since its inception in 2005 [1] - The company has seen significant growth, with many previously smaller market cap companies now exceeding $100 million, indicating a shift in the market landscape [1] Company Overview - EMX Royalty Corp. was originally known as Eurasian Minerals and has maintained a global perspective in its operations [1] - The company focuses on precious metals, particularly gold, and has been part of the market since 2003 [1] Market Context - The real estate market in Michigan is highlighted as a favorable investment environment, with properties selling for less than the cost to build, despite a booming economy [1] - The preference for investing in nano-cap junior gold explorers is noted, with a specific interest in companies with market caps under $20 million, although the focus has shifted to larger companies for publication purposes [1]