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(Kitco News) – Gold and silver prices took a big hit last week, and the easing of near-term drivers and physical shortages could see the correction last for some time, according to precious metals analysts at Heraeus.
Editor's note: The article was updated on Wednesday morning to include comments from commodity analysts at BMO Capital Markets. (Kitco News) - Gold prices have jumped higher early in the overnight session as investors digest news of a potential two-week ceasefire and, hopefully, a lasting peace deal in the Middle East. In a social media post, U.S. President Donald Trump said that he has agreed ...
Gold price is widely followed in financial markets around the world. Gold was the basis of economic capitalism for hundreds of years until the repeal of the Gold standard, which led to the expansion of a fiat currency system in which paper money doesn't have an implied backing with any physical form of monetization.
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