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Stock market today: S&P 500, Nasdaq resume record rally as gold jumps, Fed minutes point to more rate cuts
Yahoo Finance· 2025-10-08 20:02
US stocks marched higher on Wednesday as Wall Street returned to rally mode while investors digested the latest Federal Reserve minutes to provide hints to future policy amid a shutdown-driven dearth of data. The tech-heavy Nasdaq Composite (^IXIC) led the way higher, up over 1% to close above 23,000 for the first time. The S&P 500 (^GSPC) climbed 0.6% as Wall Street shook off a rare losing day. The Dow Jones Industrial Average (^DJI) lagged, finishing just below the flatline. Meanwhile, gold (GC=F) futu ...
Asia Broadband Announces Strategic Operational Plant Upgrades During Temporary Production Pause Following Severe Weather
Globenewswire· 2025-10-08 12:00
LAS VEGAS, Oct. 08, 2025 (GLOBE NEWSWIRE) -- Asia Broadband Inc. (OTC: AABB) (“AABB” or the “Company”) announced today that production at its flagship gold and silver processing facility has been temporarily paused following extreme weather conditions that caused severe flooding in the region. Heavy rains over the past weeks led to localized flooding that damaged sections of the plant’s production line, prompting the Company to suspend operations while repairs are underway. Engineering crews were immediatel ...
突发!一个暴涨!一个大跳水!
Mei Ri Shang Bao· 2025-10-08 11:49
Core Viewpoint - On October 8, international gold prices surged to record highs, while Bitcoin experienced a significant drop, highlighting a divergence in the performance of these two assets amid ongoing market volatility [1][3][4]. Group 1: Gold Market - As of October 8, spot gold prices exceeded $4,040 per ounce, reaching historical highs [1][4]. - New York gold prices broke through the $4,060 per ounce mark, marking a significant milestone in the gold market [4]. - The rise in gold prices has led to substantial gains in Hong Kong-listed gold stocks, with notable increases such as Chifeng Jilong Gold Mining up over 13% and Shandong Gold Mining up over 7% [6][7]. Group 2: Bitcoin and Cryptocurrency Market - Bitcoin saw a sharp decline, dropping below $121,544.6, with a decrease of approximately 2.55% [10]. - The cryptocurrency market faced a collective downturn, with major cryptocurrencies like AVAX and DOGE experiencing declines of nearly 9% and over 7%, respectively [10][12]. - Approximately 179,725 traders were liquidated in the past 24 hours, with total liquidations amounting to $683 million, indicating significant market stress [11][12]. Group 3: Market Influences - The influx of safe-haven funds into gold is partly attributed to the ongoing U.S. government shutdown, with no immediate resolution in sight [3][9]. - President Trump's comments regarding the government shutdown have further fueled market uncertainty, impacting investor sentiment [9]. - The recent surge in Bitcoin prices was followed by profit-taking among investors, leading to increased volatility in the cryptocurrency market [12].
Thinking of buying gold? Here's what investors should watch for.
Yahoo Finance· 2025-10-08 10:00
Core Insights - Gold investment carries inherent risks similar to other investments, including price risk, speculation risk, opportunity cost, and fraud risk [1][4][5][8] Price Risk - Investors face price risk when purchasing gold at high prices, as buying high in hopes of short-term gains can be challenging [1] - Gold is recovering from historically low prices and is increasingly viewed as a diversification asset by central banks and individual investors [2] - Proper expectations, a long investment timeline, and appropriate allocation can mitigate pricing risk, with gold primarily serving as a stabilizer in a diversified portfolio [3] Speculation Risk - Gold should be viewed as a speculative investment due to its dependence on unpredictable macroeconomic, political, industrial, and financial factors [4] - Investors should be cautious of over-exposure and unrealistic expectations regarding gold's performance [4] Opportunity Cost Risk - Opportunity cost refers to potential gains from alternative investments while funds are tied up in gold, which historically serves as a diversification asset rather than a growth driver [5][6] - A low allocation to gold can help minimize lost opportunities in other assets [6] Fraud Risk - The gold market is not subject to securities regulations, which can lead to increased risks of fraud, including low-quality or counterfeit products and scams involving non-existent mines or fake gold-backed certificates [8][10] - It is crucial for investors to research the reputation of organizations before making investments in gold [8] Conclusion - While gold offers diversification benefits and inflation hedging, its unpredictability introduces speculation and opportunity cost risks, along with price risk when purchased at high levels. The prevalence of financial scams in the gold industry necessitates careful selection of providers [9]
X @Investopedia
Investopedia· 2025-10-08 07:00
Gold keeps rising. Some big-name investors say you should keep leaning in. The latest is Bridgewater Associates founder Ray Dalio, who at an event on Tuesday said investors should allocate about 15% of their portfolio to the precious metal. https://t.co/QsBO0Go8tk ...
Gold Hits $4,000: Wall Street Split on Whether Rally Has More Room to Run
Investing· 2025-10-08 06:44
Core Insights - The article provides a comprehensive market analysis focusing on Gold Spot US Dollar, US Dollar Index Futures, Gold Futures, and SPDR® Gold Shares [1] Group 1: Gold Market Analysis - The analysis highlights the current trends in Gold Spot prices against the US Dollar, indicating fluctuations that may impact investment strategies [1] - It discusses the performance of Gold Futures, noting significant changes in pricing and market sentiment [1] - The report also examines SPDR® Gold Shares, providing insights into investor behavior and market demand for gold-backed securities [1] Group 2: Currency and Index Analysis - The article reviews the US Dollar Index Futures, analyzing its correlation with gold prices and potential implications for investors [1] - It emphasizes the importance of understanding currency movements in relation to gold investments, as they can significantly affect returns [1] - The analysis suggests that shifts in the US Dollar's strength may lead to increased volatility in gold markets [1]
史上首次!金价再创新高
Sou Hu Cai Jing· 2025-10-08 06:06
据外媒报道,10月8日,现货黄金价格突破每盎司4000美元大关,创历史新高。 此外,截至美东时间7日收盘时,美国纽约商品交易所12月黄金期价报每盎司4004.4美元,刷新收盘历史纪录,较前一交易日上涨0.71%。 高盛日前将2026年12月金价预期从此前的每盎司4300美元上调至4900美元,理由包括西方市场交易所交易基金(ETF)资金流入强劲,以及各国央行有 望持续购金。 分析人士认为,美国联邦政府"停摆"引发避险情绪升温,助推金价走势。此外,法国、日本等国的政坛变动加剧投资者担忧,推动金价上涨。 随着国际金价近日大涨,国内黄金饰品价格也水涨船高。截至目前,周生生足金饰品价格涨至1165元/克,周大福足金饰品价格为1162元/克。 | | 卖出 | | --- | --- | | 足金饰品 | 末1165 | | 950铂金饰品 | ਸ਼ੈਦ ਦੇ ਰੇ | | 生生金宝 | ま1033 | 昆明信息港整理编辑 来源:央视新闻微信公众号综合央视财经 审核:丛 林 编辑:李贵芳 终审:宋建波 ...
Gold Within Whisker of $4,000 on US Shutdown, Tech Stock Wobble
Yahoo Finance· 2025-10-08 00:52
Core Insights - Gold has reached a record high just below $4,000 an ounce, driven by factors such as the US government shutdown, fluctuations in technology stocks, and political instability in Japan and France [1][2] - The price of gold has increased over 50% this year, influenced by trade and geopolitical changes initiated by President Donald Trump, leading to a shift away from the dollar [2][4] - Central banks have been significant buyers of gold, and the recent Federal Reserve rate cut has prompted investors to turn to gold-backed exchange-traded funds [2][4] Group 1: Market Dynamics - The US government shutdown has delayed key economic data, complicating the Federal Reserve's rate-cutting strategy, while concerns about the sustainability of the AI-driven market rally are emerging [1][3] - Spot gold prices rose to $3,996.11 an ounce, with the Bloomberg Dollar Spot Index remaining steady, indicating a stable demand for gold amidst market fluctuations [3] Group 2: Investor Sentiment - The narratives surrounding de-dollarization and de-globalization have significantly increased demand for gold, although there are concerns that speculators may take profits after the rapid price increase since mid-August [3][5] - Billionaire investors like Ray Dalio have emphasized gold's status as a safer asset compared to the dollar, drawing parallels to the 1970s when gold prices surged amid high inflation and economic uncertainty [4][5] Group 3: Future Outlook - Analysts predict that the rally in gold prices may continue, with Goldman Sachs raising its forecast for December 2026 to $4,900 an ounce, reflecting ongoing bullish sentiment in the market [2] - The current surge in gold prices is attributed to increasing safe-haven demand and growing distrust in paper assets due to rising fiscal risks and geopolitical tensions [5]
Gold Prices Topped $4,000 For The First Time. Where Do They Go From Here?
Investopedia· 2025-10-07 21:05
Core Insights - Gold reached $4,000 an ounce for the first time, reflecting strong demand amid economic uncertainty and interest from retail investors [2][9] - Gold futures hit an all-time high of $4,014 an ounce, with a year-to-date gain of approximately 50%, outperforming most S&P 500 stocks [2] - The surge in gold prices is driven by concerns over a potential U.S. government shutdown and increased investment in physical gold ETFs [3][4] Investment Dynamics - Record inflows into gold ETFs totaled $17.3 billion last month, attributed to political tensions, options market activity, and a weaker U.S. dollar [5] - The "debasement trade" is a key factor, with retail investors purchasing gold as a hedge against rising federal debt and declining confidence in the U.S. dollar [5] - Central banks are also increasing their gold reserves, seeking stability during geopolitical and economic crises [5] Future Price Projections - Goldman Sachs forecasts gold prices to rise to $4,900 an ounce by the end of 2026, an increase from a previous estimate of $4,300 [6] - Analysts expect continued demand from central banks and Western ETF buyers to drive gold prices higher [7] - The potential for stock market turmoil could further support gold prices, especially during historically volatile periods like October [10] Market Relationships - Historical analysis indicates that gold's performance during stock market corrections is closely tied to the U.S. dollar's movements [10] - Despite the dollar being near its lowest levels in years, gold is expected to benefit from a flight to safety during equity sell-offs [10] - Analysts suggest monitoring support levels for gold, with key thresholds around $3,715 and $3,515 [11]
Why record-high gold prices aren’t scaring away first-time investors
Yahoo Finance· 2025-10-07 18:33
Gold futures topped $4,000 an ounce Tuesday for the first time ever. - Getty Images/iStockphoto Investor interest in gold has stayed strong, with increasing numbers of first-time buyers, despite record-high prices for the precious metal that topped $4,000 an ounce on Tuesday. Gold has rallied even as the U.S. stock market is trading near all-time highs. That suggests that investors are hedging record-high equities with record-high gold, but there’s a “growing element of hot money driving both markets, to ...