Smaller mid-tier and junior gold miners just reported their best quarter on record. That combined with record gold prices fueled smaller gold miners’ richest-and-fattest implied unit profits in history.
Some brokerages firms are targeting $3,200 as the next price target for gold. I want to see a bit more on what Trump will do April 1st and 2nd on tariffs to get a feel before I make a call.
A rise in Chinese stocks triggers enormous amounts of celebratory buying of physical gold. The bottom line: All dramatic Chinese stock market action is a win-win for gold bugs.
The yellow metal surpassed $3,000 an ounce for the first time, driven by central bank buying, economic fragility, and President Trump's trade policies.
Another day, another record for gold. Gold is a go-to safe haven in times of economic uncertainty, geopolitical tensions, and loss of faith in governments.
