Keep up with the latest news from IMX Exchange

Is Gold Still a Good Investment in 2024?

Is Gold Still a Good Investment in 2024?

Apr 22, 2024 |

In the realm of investments, gold has long been considered a reliable and timeless asset. Its allure spans centuries, captivating investors with its intrinsic value and historical significance. However, in the dynamic landscape of global markets, the question arises:...

Gold Price Futures (GC) Technical Analysis – Closed Inside Key Retracement Zone at $1894.60 to $1870.30

Gold Price Futures (GC) Technical Analysis – Closed Inside Key Retracement Zone at $1894.60 to $1870.30

Dec 26, 2020 | , ,

President Trump is generating a buzz in the market with his demand to increase the size of the stimulus package passed earlier in the week, but gold traders seem to be shrugging off the news. Investors largely brushed off reports that U.S. lawmakers blocked attempts to alter a $2.3 trillion coronavirus aid and government spending package.

Weak Dollar Pushes Gold Higher

Weak Dollar Pushes Gold Higher

Dec 26, 2020 | ,

“The economic data just cements the belief that the economy is slowing down and that should help the negotiations with stimulus … it’s going to be extremely likely that some type of stimulus deal will still get done,” Edward Moya, senior market analyst at OANDA, told Reuters.

Gold price to challenge $1,900

Gold price to challenge $1,900

Dec 26, 2020 | ,

Investors will be using the last week of the year to take stock, which could be beneficial to gold, according to analysts, who see traders taking equity profits off the table and reinvesting into safer assets. "Historically, we tend to see investors reflect on some of...