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Gold's correction is now in the rearview mirror; record prices are on the horizon - NDR's Tim Hayes
KITCO· 2025-11-10 21:03
Core Points - The article discusses financial figures related to a specific entity, indicating a total of 4,360 and a monetary value of $4,000 [1][2] Group 1 - The total figure mentioned is 4,360, which may represent units, transactions, or another relevant metric [1][2] - The monetary value associated with the entity is $4,000, which could indicate revenue, profit, or another financial measure [1][2]
Gold, silver tumble in biggest daily drop in years as stunning precious metals rally comes to a halt
Yahoo Finance· 2025-10-21 15:59
Core Insights - Gold prices experienced a significant decline, with futures dropping as much as 5% to around $4,141 per troy ounce, marking the largest drop since August 2020, while spot gold fell over 6%, the biggest one-day decline in 12 years [1][2] - The decline in gold prices is attributed to easing trade tensions between the US and China, a strengthening US dollar, and technical indicators suggesting overbought conditions [2] - Analysts are debating whether this decline signifies a necessary correction after a substantial rally, with some suggesting that buyers may return around $4,200 [3][4] Market Dynamics - Gold has risen 28% since mid-August, driven by central bank purchases and inflows into gold-backed ETFs, as investors seek to hedge against trade tensions and currency fluctuations [4][6] - Analysts from Bank of America maintain a bullish outlook on gold, predicting a peak of $6,000 per ounce by mid-2026, while Goldman Sachs has raised its price target for gold to $4,900 per troy ounce by the end of next year [7]