Precious metals prices projected to rise 8% in 2024, with gold leading the charge

– Gold prices will continue to rise, with geopolitics and emerging market demand providing upside risk, while silver and platinum prices will also appreciate but may underwhelm if industrial demand slumps, according to the World Bank’s Prospects Group. - Gold prices are lower and silver modestly up near midday Thursday. Both precious metals are pausing after recent gains. - Despite its criticism of being an outdated relic, billionaires appear to be taking a new interest in gold.

Bitcoin has established a solid base of support at $66,000 in early trading on Thursday as Morgan Stanley reveals $250 million in exposure to BTC ETFs. -The gold market is struggling to attract new bullish momentum even as the U.S. housing market struggles to stabilize and weak construction activity continues to threaten economic growth.

– Sky-high imports, unprecedented ETF demand, and elevated price premiums show that China’s gold market continues to lead the world, but high prices look set to depress jewelry demand and slow central bank purchases, according to Ray Jia, China Research Head at the World Gold Council.S&P Global Rankings sees great promise in real-world asset tokenization, saying it will help improve liquidity and usher in a new era of innovation for asset management.

Source: Financial Digest (financialdigest.net)

Gold Silver Platinum Palladium PGM Platinum Group Metals Metals Precious Metals Mining News Crypto News Bitcoin News Ethereum News Mining News Interviews Economic Reports Forecasts Central Banks US Dollar Charts Tech Metals Rare Earth Metals Currency Global Economy International Policy Politics Bank Forecasts Market Nugget Mining Minutes Roundups

Canada Latest News, Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Edmunds: 2024 Kia Niro versus 2024 Toyota Corolla CrossMany car shoppers simply want a vehicle that’s practical, easy to drive and relatively inexpensive. High fuel economy is increasingly a popular desire as...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Dogecoin’s May 2024 price prediction – Look out for these price targets!DOGE's price has been known to register a positive return in the 5th month over the past few years. In May 2021, for instance, Dogecoin...
Source: CryptoAmb - 🏆 22. / 68 Read more »

Exploring how Bitcoin’s price can benefit from the macro trends in 2024Bitcoin has been reacting strongly to Fed rate expectations and overall macro events. Will better macro conditions boost its price?
Source: CryptoAmb - 🏆 22. / 68 Read more »

Oil price news: Oil trades in narrow range as IEA trims 2024 growth forecastOil continued to trade in a narrow range on Wednesday as the International Energy Agency cut its 2024 forecast for demand growth by 140,000 barrels-a-day.
Source: BNNBloomberg - 🏆 83. / 50 Read more »

Victoria Day 2024: What’s open and closed in Cambridge, Kitchener and WaterlooAs Victoria Day weekend approaches, here’s a roundup of what’s open and closed over the holiday in Cambridge, Kitchener and Waterloo.
Source: GlobalCalgary - 🏆 50. / 61 Read more »

Peconic Hedge Fund Winning Streak Persists With 18% Gain in 2024Bill Harnisch came into the new year with a cautious view on equities. That hasn’t kept his $1.8 billion hedge fund from delivering a market-beating return in the face of a formidable rally.
Source: BNNBloomberg - 🏆 83. / 50 Read more »