Precious Metals

AngloGold Ashanti (AU.N), is boosting payouts to investors, it said on Wednesday, after its profit surged to $954 million last year from a loss of $46 million in the prior year, buoyed by the precious metal’s rally to record highs.

Shares in the company however fell as much as 7.4% in early trading in New York.

CEO Alberto Calderon said the gold price rally had given AngloGold the strongest balance sheet position in more than a decade, and it is “able to pass on those benefits to shareholders in a more generous dividend policy”.

Source – Reuters

2 reasons. The most important reason is that we think that central bank demand for gold, will structure your main higher.

The second reason is gold is a great hedge against tariff escalation concerns about debt sustainability. Daan Struyven, Goldman Sachs co-head of global commodities research

Source – CNBC / Video

The price of gold rose 1.4% to $2,941 per troy ounce in trading Tuesday, putting it 0.2% off its record high notched last week, according to Dow Jones Market Data.

“After missing several (brief/ shallow) buying opportunities in 2024, investors are likely wary of repeating the same patterns and may want to take advantage of corrections sooner this time around,” analysts wrote.

Source – Barron’s

Should uncertainty over economic policy persist, including on tariffs, bullion could hit $3,300 an ounce on higher speculative positioning

Rising fears of inflation and fiscal risks “may push central banks — especially those holding large US Treasury reserves — to buy more gold

Source – Bloomberg

The price for Gold increased to INR 94,784.55 per tola from INR 94,440.36 per tola a day earlier.

Source – FXStreet