Can go to 35.00 CDNTrump can break the market like March 2020, the Guy is dangerous.
2025-01-02 08:38 ET - In the News
See In the News (C-NGT) Newmont Corp
The Globe and Mail reports in its Wednesday edition that gold prices are poised for an annual surge of more than 26 per cent, their biggest yearly rise since 2010, driven by safe-haven demand and central bank rate cuts, although the mood could turn more cautious depending on policy shifts under a Donald Trump presidency. A Reuters dispatch to The Globe says spot gold rose 0.7 per cent to $2,624.44 an ounce Tuesday and U.S. gold futures gained 0.8 per cent to $2,638.90 (all figures U.S.). Strong central-bank purchases, geopolitical uncertainties and monetary policy easing powered safe-haven gold's record-breaking rally in 2024, driving it to an all-time high of $2,790.15 on Oct. 31. Analysts expected the factors supporting bullion in 2024 to persist into 2025. Elsewhere, spot silver fell 0.4 per cent to $28.83 an ounce, palladium rose 1.1 per cent to $910.45, and platinum added 0.1 per cent to $904.65. Silver was headed for its best year since 2020, having added nearly 22 per cent. Platinum and palladium were set for annual losses and have dipped over 8 per cent and 17 per cent, respectively. Some analysts see silver prices rising to $36 an ounce in response to a large market deficit and to Fed rate cuts through 2025.