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    Gold set for seventh weekly gain

    ByVictoria
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    Gold prices rose on Friday and were on track for a seventh consecutive weekly gain as worries over a potential global trade war intensified after U.S. President Donald Trump’s push for reciprocal tariffs.

    Spot gold was up 0.3% at $2,936.99 an ounce by 1104 GMT, taking its weekly advance to 2.6%. Bullion hit a record peak of $2,942.70 on Tuesday.

    U.S. gold futures rose 0.6% to $2,961.30.

    In other precious metals, spot silver gained nearly 3% to $33.30 an ounce and platinum added 1% to $1,004.57 while palladium dipped by 0.2% to $992.00.

    Source – Reuters

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    Gold steady, tariff announcement

    ByVictoria
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    Spot gold was at $3,026.85 an ounce at 1131 GMT. U.S. gold futures edged 0.4% higher to $3,032.40.

    “A modestly weaker dollar is probably giving gold a little bit of a tailwind at present,” said Ross Norman, an independent analyst.

    “A worse-than-feared tariff announcement on April 2 could give bullion bulls a shot in the arm towards striving for the $3,100 mark,” said Han Tan, Exinity Group’s chief market analyst.

    “Should risk-on sentiment make a comeback, assuming the U.S. tariff threats prove to be more bark than bite, that could see fleeting forays below $3,000,”

    Spot silver firmed 0.4% to $33.16 an ounce, platinum steadied at $975.55, and palladium was flat at $957.95

    Source – Reuters

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    Macquarie Group predicts gold will reach $3500

    ByVictoria
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    “Year-to-date, gold has been running ahead of our expectations,” Marcus Garvey, head of commodities strategy at Macquarie, wrote on Thursday. 

    “We are raising our gold price forecast to a 3Q25 quarter average peak of $3,150 per ounce and our single point price high to $3,500 per ounce,” Garvey wrote. 

    “President Trump’s rapid move to announce, if not always to enact, import tariffs has contributed to geopolitical uncertainty and boosted inflation expectations, helping push down front-end real rates and supporting gold in the face of periodic USD strength and initially reduced expectations for Fed rate cuts,” the strategist wrote.

    Source – Yahoo Finance

    Macquarie Group Limited – is an Australian multinational independant investment bank and financial services company. Headquarters in Sydney, Australia. Listed as ASX

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    Gold’s price gains jewellery demand

    ByVictoria
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    A 12% y/y drop in Q4 gold jewellery consumption to 547t- took the annual total down to 1,877t, down 11%, as unrelenting gold price strength impacted consumers’ ability to buy, the World Gold Council (WGC) said in a report on Wednesday.

    For 2025, the WGC said central banks and “ETF investors likely to drive demand with economic uncertainty supporting gold’s role as a risk hedge, but on the flipside, keeping pressure on jewellery.”

    Source – Seeking Alpha

  • Silver vs Gold: Which is the Better Investment?

    ByVictoria
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    Listen up, fellow investors and fellow learners! Did you know that in 2024, precious metals are experiencing one of the most dynamic investment landscapes in recent history? Spoiler alert: The battle between silver and gold isn’t just about shiny metals – it’s about strategic wealth preservation and potential growth.

    I’ve been diving deep into investment strategies recently, and the silver versus gold debate never gets old. Each metal has its own personality, its own market dance, and its own unique advantages. Imagine trying to choose between two incredible dance partners – that’s what selecting between silver and gold feels like!

    Precious metals have been humanity’s financial safety net for centuries. From ancient civilizations to modern investment portfolios, gold and silver have weathered economic storms, survived market crashes, and continued to shine (pun absolutely intended). In this guide, I’ll break down everything you need to know to make an informed decision about these fascinating investment options.

    Understanding Precious Metal Investments

    Let’s get real about what makes these metals more than just pretty objects. Precious metals aren’t just shiny rocks – they’re complex economic indicators with fascinating backstories.

    Gold and silver have been monetary assets for thousands of years, but their roles have dramatically evolved. They’re no longer just coins or jewelry; they’re sophisticated investment vehicles with intricate market dynamics. Here’s what makes them special:

    • Store of value during economic uncertainty
    • Hedge against inflation
    • Tangible assets not dependent on a single government’s economic performance
    • Globally recognized and traded
    • Finite resources with inherent scarcity

    Each metal responds differently to global economic conditions. Gold tends to be the steady, reliable performer – think of it like the experienced marathon runner of investments. Silver? It’s more like the energetic sprinter, with higher volatility but potentially more explosive growth.

    Gold Investment: Strengths and Considerations

    Gold has been the traditional “safe haven” investment for generations, and for good reason. Picture it as the reliable grandfather of precious metals – stable, respected, and rarely letting you down completely.

    Historically, gold has been an incredible hedge against economic uncertainty. During market crashes, political instabilities, and inflationary periods, gold prices tend to rise. It’s like a financial superhero that shows up when other investments are struggling! Just look at this year (2024) alone.

    Key investment considerations for gold include:

    • Lower volatility compared to silver
    • Strong performance during economic downturns
    • Easier to store and transport in high value
    • Recognized globally as a premium asset
    • Multiple investment formats (physical bullion, ETFs, mining stocks)

    The average investor can expect gold to provide steady, modest returns. It’s not about getting rich overnight, but about protecting and slowly growing your wealth. Think of it like a financial tortoise – slow, steady, and likely to win the long-term race.

    Silver Investment: Opportunities and Challenges

    Silver is the exciting, unpredictable cousin in the precious metals family. What makes silver truly fascinating is its dual nature – it’s both an investment asset and an industrial commodity.

    Unlike gold, which is primarily a financial instrument, silver has massive industrial applications. From solar panels to electronics, from medical equipment to electrical connections, silver is literally helping build our modern world. This industrial demand creates a unique investment dynamic that gold simply can’t match.

    Investment highlights for silver include:

    • Lower entry cost compared to gold
    • Significant industrial demand
    • Higher potential for price appreciation
    • Growing importance in green technology
    • More volatile, offering higher risk and reward

    The exciting part? Silver’s price can experience more dramatic swings. While this means higher risk, it also means potentially higher rewards. For investors willing to ride a more exciting investment wave, silver offers incredible opportunities.

    Comparative Analysis: Silver vs Gold

    Let’s break down the head-to-head comparison between these two precious metals:

    Price Stability:

    • Gold: More stable, slower price movements
    • Silver: More volatile, rapid price changes

    Investment Volume:

    • Gold: Higher value per ounce, easier large transactions
    • Silver: Lower cost per ounce, more accessible to smaller investors

    Industrial Utility:

    • Gold: Limited industrial uses
    • Silver: Extensive industrial and technological applications

    Market Performance:

    • Gold: Consistent performer, better during economic uncertainty
    • Silver: Higher growth potential, more responsive to technological trends

    Making Your Investment Decision

    Here’s the million-dollar question: Which should you choose? The answer isn’t straightforward and depends on your personal financial goals.

    Consider gold if you:

    • Prioritize stability
    • Want a conservative investment
    • Are preparing for long-term wealth preservation

    Consider silver if you:

    • Can tolerate more risk
    • Want potential for higher returns
    • Believe in technological innovation driving demand

    Pro tip: (As I have learned) Many seasoned investors don’t choose between gold and silver – they include both in a diversified portfolio!

    Conclusion

    Investing in precious metals isn’t about picking a winner, but understanding how these assets can complement your overall financial strategy. Gold and silver each bring unique strengths to the table.

    Remember, no investment is a guaranteed success. Always do your research, consult with financial professionals, and invest according to your personal risk tolerance.

    Your next step? Start researching, ask questions, and consider how gold and silver might fit into your investment journey. The world of precious metals is waiting for you to explore!