Gold’s powerful rally in recent years has driven the metal past key milestones — first $2,000 an ounce, then $3,000 and most recently, $4,000. And O’Leary isn’t the only heavyweight investor singing its praises.“It’s hit all-time highs and I’m still buying, but why? Because if I had stopped buying in 2023, at its all-time high of $2,078, I would have missed out on a [around] 82.7% return in just 2 years,” he said. “Lucky for me, I’ve been buying gold for decades, even at all-time highs.”O’Leary says stickin ...

Gold prices tumbled sharply on Oct. 21, 2025, marking their largest daily slump in years as a record-breaking rally in precious metals finally hit a bump. The spot gold declined more than 6% on Oct. 21, 2025 (at the time of writing), marking its biggest one-day slide in 12 years, according to Bloomberg data, as quoted on Yahoo Finance. SPDR Gold Shares (GLD) lost about 6.4% on the day.What Led to the Sudden SelloffThe sharp correction came amid easing U.S.-China trade tensions, a stronger U.S. dollar, and t ...

Gold prices surged on Monday by their most since 2020, as buyers returned after a brief dip. - Getty Images Gold’s brief dip last week didn’t last long, as buyers returned in force Monday to the year’s favored safe-haven asset. After retreating 2% on Friday in the wake of heightened U.S.-China trade tensions, gold prices GC00 surged 3.5% Monday to a record $4,359.40 an ounce for the most active contract. Most Read from MarketWatch That marked gold’s biggest daily percentage gain since April 9, 2020, ac ...

Core Viewpoint - The Aberdeen Standard Physical Palladium Shares ETF (PALL) has recently reached a new 52-week high, with shares increasing approximately 80.2% from their 52-week low of $82.39 per share, raising questions about potential further gains for the ETF [1]. Group 1: ETF Overview - PALL reflects the performance of palladium prices, minus the Trust's expenses, and is designed for investors seeking a cost-effective way to invest in physical palladium [2]. - The ETF charges an annual fee of 60 basis points and has assets under management (AUM) of $907.8 million [2]. Group 2: Market Influences - Rising tensions in U.S.-China trade relations have contributed to an increase in palladium prices, with many investors viewing the metal as a safe-haven asset [3]. - Expectations of U.S. interest rate cuts and a potential decline in the value of the U.S. dollar are also favorable for palladium [3]. Group 3: Future Outlook - PALL has a Zacks ETF Rank of 3 (Hold) with a high-risk outlook, but it possesses a weighted alpha of 74.94, indicating potential for further gains if the operating environment remains favorable [4].

Core Insights - The surge in gold prices is attributed to investors moving away from digital assets, with gold reaching a record high of over $4,100 per ounce as the crypto market experiences significant outflows [1][2][7]. Gold Market - Spot gold increased by 2.2% to $4,106 per ounce, with a peak at $4,116, while U.S. gold futures for December delivery rose 3.3% to $4,133, marking a 56% increase year-to-date [2]. - Analysts predict that gold prices could exceed $5,000 by the end of 2026, indicating strong future growth potential [3]. Crypto Market - Following a flash crash on October 10, billions of dollars have exited the crypto markets, with CoinGlass reporting $21 billion in outflows from Binance alone, although Binance has disputed these figures [4][7]. - The outflows are part of a broader trend of investors seeking safer assets amid market volatility [1][4]. Binance Allegations - Binance faces allegations from Limitless Labs CEO regarding the firm allegedly dumping tokens on the market, which Binance has strongly denied, labeling the claims as false and defamatory [8]. - Binance emphasized the importance of confidentiality in its listing communications and indicated potential legal action to protect its interests [9].

Core Insights - Gold futures opened at a record price of $4,348.10 per ounce, reflecting a 1.2% increase from the previous close and a 62% rise over the past year [1][4] Gold Price Trends - The price of gold rose to $4,392 during early trading before slightly pulling back [1] - The opening price on Friday was up 9.9% from the previous week's opening price of $3,957 and increased by 18.5% from the opening price of $3,669 a month ago [4] Market Influences - The surge in gold prices is attributed to rising fears regarding credit quality, particularly following warnings from JPMorgan's CEO about potential credit losses related to the bankruptcy of Tricolor Holdings [2][3] - Concerns about the quality of commercial credit have been heightened by issues reported by two regional banks and allegations of questionable accounting related to First Brands, a bankrupt auto parts supplier [2] Investment Perspectives - Gold is viewed as a safe-haven asset during uncertain economic times, driving investor interest amid rising credit quality fears [3] - Various experts recommend different allocations for gold in investment portfolios, ranging from 0% to 20%, depending on individual risk tolerance and investment goals [6][12]

Core Viewpoint - The investment landscape is shifting towards bonds, money markets, and precious metals, with gold being highlighted as a crucial asset for portfolio diversification and protection against economic uncertainties [1][10][11]. Investment Trends - Gold prices have surged approximately 40% year-to-date, with December futures settling at a record $3,686.40 per ounce [2]. - Global gold-backed exchange-traded funds (ETFs) saw inflows of $5.5 billion in August, contributing to a year-to-date total of $47 billion, marking the second strongest inflow on record [12]. Economic Factors - The move away from the U.S. dollar as a global reserve currency, particularly after the confiscation of Russian reserves, has increased the appeal of gold [3]. - Rising U.S. debt levels and concerns regarding the Federal Reserve's independence are also driving interest in gold as a strategic reserve asset [3][6]. Central Bank Activity - Central banks have been purchasing gold at unprecedented levels, acquiring over 1,000 metric tons annually for the past three years, compared to an average of 400 to 500 metric tons in the previous decade [13]. - This trend is attributed to the need for diversification of reserves and hedging against geopolitical and currency risks [13][14]. Market Sentiment - Investor confidence in gold is reportedly strengthening, with a shift in perception from gold as merely an insurance asset to a strategic monetary anchor [11]. - Despite recent price increases, experts believe there is still potential for further gains in gold prices due to persistent inflation and geopolitical tensions [15][16]. Portfolio Recommendations - Financial advisors typically recommend allocating 5% to 10% of investment portfolios to gold, a strategy that remains relevant despite gold's price rise [6]. - UBS suggests a more conservative allocation of less than 5% to gold, emphasizing the opportunity cost of holding non-yielding assets [7].

Core Viewpoint - Trump's speech at the Republican National Convention criticized the Federal Reserve and called for aggressive interest rate cuts, suggesting that the Fed is hindering economic growth [1] Group 1: Market Reaction - Trump's pressure on the Fed signals potential political influence over its decision-making, leading to a crisis of confidence in the Fed's independence [2] - The proposed aggressive rate cuts conflict with the Fed's current stance of maintaining higher rates to combat inflation, creating uncertainty in future interest rate directions [2] - The dollar weakened due to the chaotic monetary policy outlook, while gold prices surged, reaching a peak of $2450, marking the largest single-day increase in nearly three weeks [2] Group 2: Gold's Strength as a Safe Haven - Political interference has increased systemic risks, prompting investors to seek the stable value of gold [3] - Doubts about the Fed's policy independence erode the dollar's credibility, making gold a natural hedge against potential dollar volatility [3] - If Trump continues to exert pressure, it may force the Fed to adopt a more accommodative stance in the future, benefiting gold as a key asset in a low-interest-rate environment [3] Group 3: Short-term Market Volatility - The recent surge in gold prices may have overshot market sentiment, indicating potential technical pullback risks [4] - The Fed may respond to stabilize expectations and maintain its image of independence, leading to increased market volatility [4] - Even if Trump wins the election, his ability to directly influence the Fed is limited, necessitating an assessment of the actual impact of his policies [4] Group 4: Long-term Trends - Trump's criticism of the Fed undermines global investor confidence in the predictability and stability of U.S. monetary policy [5] - The immediate market reaction highlights gold's role as a "ultimate currency" in times of uncertainty, reaffirming its safe-haven status [5] - The long-term trends for gold will still depend on the timing and extent of Fed rate cuts and whether inflation is effectively controlled [5]

Core Insights - Gold prices have increased approximately 25% this year, leading to heightened demand and restrictions on purchases at retailers like Costco [2] - A recent HSBC survey indicates that gold allocations among affluent investors have more than doubled from 5% to 11% [2] Group 1: Investor Behavior - High-net-worth individuals are increasingly investing in gold due to its safe-haven appeal amid trade war anxieties and geopolitical tensions [3] - Investors in Asia and the Middle East traditionally allocate 5% to 10% of their portfolios to physical gold or gold-backed investments due to currency fluctuations and high inflation [4] - There is a noticeable increase in U.S. high-net-worth clients seeking to diversify from the depreciating U.S. dollar, finding gold investments simpler to understand [5] Group 2: Investment Options - Futures are popular for short-term gold trading, while physical gold and ETFs are preferred by long-term investors [6] - J.P. Morgan recommends unallocated gold investments, which have lower fees compared to ETFs or allocated bars, allowing clients to invest in fractions starting at $250,000 [7] - Some investors prefer to hold physical gold bars despite higher fees and minimums, reflecting a cautious approach as wealth increases [8]