Gold prices have hit record highs. Here’s why they could rally further

People browsing gold jewelry in Istanbul. Burak Kara | Getty Images News | Getty Images Gold prices still have room to rise after hitting all-time highs early this month, as several central banks continue to purchase bullion in record amounts.  These purchases have strengthened gold prices despite high interest rates and a strong dollar, market … Read more

Gold at $3,000 and oil at $100 by 2025? Citi analysts don’t rule it out

(L) Oil pumpjacks and (R) gold bars Getty Images Gold prices could soar to $3,000 per ounce, and oil to $100 per barrel within the next 12 to 18 months subject to any one of three possible catalysts, according to Citi. Gold, which is currently trading at $2,016, could surge by about 50%, if central … Read more

Valentine’s Day chocolate prices higher as cocoa shortfall spikes

Chocolates packaged for Valentine’s Day sit on a table on February 2, 2024 in Chicago, Illinois.  Scott Olson | Getty Images News | Getty Images A bouquet of roses, dinner for two and a box of chocolates make up the essentials for a textbook Valentine’s Day date. But lovers may experience sticker shock this year due … Read more

Gold prices to hit $2,200 and outperformance awaits silver, says UBS

Gold and silver bars of various sizes lie in a safe on a table at the precious metals dealer Pro Aurum in Munich. Sven Hoppe | Picture Alliance | Getty Images Gold and silver are expected to climb further in 2024 on expectations that the U.S. Federal Reserve will start cutting interest rates, UBS forecasts. … Read more

Oil prices higher after Iran-linked drone strikes kill U.S. troops

A drone launch during a military exercise in an undisclosed location in Iran captured in a handout image obtained on Aug. 25, 2022. Iranian Army | West Asia News Agency | via Reuters Oil prices advanced early Monday after missiles launched by Iran-backed militants killed U.S. troops in Jordan on the weekend. Global benchmark Brent traded … Read more

Commodity markets are in a ‘super squeeze’— higher prices may continue

SUIXI, CHINA – DECEMBER 30: An employee works on the production line of aluminum foil at a workshop of Anhui Limu New Material Technology Co., Ltd on December 30, 2023 in Suixi County, Huaibei City, Anhui Province of China. (Photo by Li Xin/VCG via Getty Images) Vcg | Visual China Group | Getty Images Global … Read more

China and Ireland seek stronger ties during Chinese Premier Li Qiang’s visit

Ireland’s prime minister extended a warm welcome to visiting Chinese Premier Li Qiang on Wednesday, saying his country wanted a “strong and constructive relationship” with China despite not agreeing on some issues. Prime Minister Leo Varadkar and Li, China’s No. 2 leader and a close confidant of Chinese President Xi Jinping, struck an upbeat note … Read more

Ether price spikes on hope of ETH ETF — but will the SEC approve it?

St. Moritz, SWITZERLAND — U.S. Securities and Exchange Chair Gary Gensler fired warning shots to the crypto industry, casting doubt over whether digital coin ether would follow next in the footsteps of bitcoin to receive approval for an exchange-traded fund. After the bitcoin ETF approval, prices for ether — the token linked with Ethereum — … Read more

Oil prices jump after U.S., Britain strike on Houthis in Yemen

An oil tanker anchored in the Red Sea off the coast of Yemen’s contested western province of Hodeida on July 15, 2023. Mohammed Huwais | Afp | Getty Images Oil prices rose after Britain and the United States carried out military strikes against targets in Houthi-controlled areas of Yemen, as tensions in the Red Sea … Read more

China and India can’t wean themselves off coal anytime soon

Man tending to sacks of coals. Dhiraj Singh | Bloomberg | Getty Images China and India’s growing economies will continue to fuel demand for coal even as they set ambitious renewable energy targets, according to experts. While China is the world’s largest energy consumer, India is ranked third globally, and both countries are the top … Read more