{"id":1812,"date":"2024-03-06T12:08:26","date_gmt":"2024-03-06T12:08:26","guid":{"rendered":"https:\/\/businesstriumphs.com\/index.php\/2024\/03\/06\/gold-price-reaches-new-all-time-high-experts-say-its-not-done\/"},"modified":"2024-03-06T12:08:26","modified_gmt":"2024-03-06T12:08:26","slug":"gold-price-reaches-new-all-time-high-experts-say-its-not-done","status":"publish","type":"post","link":"https:\/\/businesstriumphs.com\/index.php\/2024\/03\/06\/gold-price-reaches-new-all-time-high-experts-say-its-not-done\/","title":{"rendered":"Gold Price Reaches New All-time High, Experts Say it\u2019s Not Done"},"content":{"rendered":"<p><strong>The gold spot price hit another record high, touching US$2,142.30 per ounce on Tuesday (March 5). <\/strong><\/p>\n<div class=\"rebellt-item                                col1\">\n<h3>                            Fed interest rate cuts bullish for gold                                <\/h3>\n<p>\u201cThat portends very bullish things for not just the metal, but for the associated equities,\u2019 he said. <\/p>\n<p>When asked about Bitcoin, which also reached a fresh all-time high this week, Tiggre said that as a risk asset it\u2019s gaining steam from Fed speculation as well. However, he said it\u2019s probably being impacted more by the approval of US spot Bitcoin exchange-traded funds and the cryptocurrency\u2019s upcoming halving event. <\/p>\n<p>Brien Lundin, editor of Gold Newsletter, echoed Tiggre\u2019s sentiment on the impact that the Fed\u2019s upcoming turnaround is having on gold. \u201cThe big picture is that the market is now trying to price in a Fed pivot,\u201d he said. <\/p>\n<p>However, he noted that expectations keep shifting as to when the Fed\u2019s first cut will come, which has caused some volatility in the space. But investors can be rest assured that it will be this year. <\/p>\n<p>\u201cI think the markets are missing the big picture largely, and that\u2019s the fact that the Fed will have to pivot this year because of the cost of servicing the federal debt at these interest rate levels,\u201d he explained. \u201cThe Fed will have to pivot and other central banks will follow suit. When that happens gold will do very well.\u201d<\/p>\n<\/div>\n<div class=\"rebellt-item                                col1\">\n<h3>                            When will gold stocks finally move?                                <\/h3>\n<p>With the gold price historically high, market participants are hoping much-beleaguered gold equities are next.<\/p>\n<p>Tiggre agrees. \u201cGold stocks are still not getting any love,\u201d he acknowledged. \u201cOf course, I see that as an opportunity.\u201d<\/p>\n<p>Gold stock investors have been waiting for their holdings to move for some time, and Lundin said he thinks they\u2019ll start taking off when the yellow metal gets past US$2,150 and demonstrates a clear breakout on the charts. <\/p>\n<p>\u2018This will draw in generalist money that I think will propel the price to a higher level,\u201d he explained on the sidelines of PDAC, adding that he sees gold reaching US$2,300 this year. \u201cI think the money is going to flow, and I think that will very quickly lead to a big rally in the mining stocks.\u201d<\/p>\n<\/div>\n<p><strong>Securities Disclosure: I, Melissa Pistilli, hold no direct investment interest in any company mentioned in this article.<\/strong><\/p>\n<\/p>\n<div>This post appeared first on investingnews.com<\/div>\n","protected":false},"excerpt":{"rendered":"<p>The gold spot price hit another record high, touching US$2,142.30 per ounce on Tuesday (March 5). Fed interest rate cuts bullish for gold \u201cThat portends very bullish things for not just the metal, but for the associated equities,\u2019 he said. When asked about Bitcoin, which also reached a fresh all-time high this week, Tiggre said [&hellip;]<\/p>\n","protected":false},"author":0,"featured_media":1813,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[],"class_list":["post-1812","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-investing"],"_links":{"self":[{"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/posts\/1812","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/comments?post=1812"}],"version-history":[{"count":0,"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/posts\/1812\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/media\/1813"}],"wp:attachment":[{"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/media?parent=1812"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/categories?post=1812"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/tags?post=1812"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}