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 Replies: 262 / Views: 14,503 |
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Pillar of the Community
United States
5850 Posts |
DING DING DING!!! Gold didn't do anything overnight, but according to APMEX.com it just hit $4000 a few minutes ago!  Edited by barryg
10/07/2025 09:12 am
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Pillar of the Community
United States
5850 Posts |
And now, as predicted, it has fallen back down below $4000 again...
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Moderator
 United States
188326 Posts |
Quote:Gold didn't do anything overnight, but according to APMEX.com it just hit $4000 a few minutes ago! I was watching it while I was on a call, so I could not comment until now.  |
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Moderator
United States
188326 Posts |
Quote:
And now, as predicted, it has fallen back down below $4000 again... Sitting at $3,995.40 as I type.  |
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Moderator
United States
188326 Posts |
It is above 4K again! $4,002.60 right now. Hit $4007.22 earlier.
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Pillar of the Community
United States
5850 Posts |
And now it's back down to $3992...
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Pillar of the Community
United States
5850 Posts |
Still falling (down to $3984 at the moment), but you might find this article from CNN interesting: Quote:
Gold prices hit $4,000 per ounce Tuesday for the very first time, driven by strong investment demand amid broader geopolitical and economic uncertainty, along with expectations of further interest rate cuts from the Federal Reserve.
Gold has climbed 51% so far this year on sizable central bank buying, increased demand for gold-backed exchange-traded funds, a weaker dollar and growing interest from retail investors seeking to hedge amid rising trade and geopolitical tensions. During the first quarter of the year, gold posted its strongest quarterly return since 1986.
Gold thrives in a low interest rate environment and during economic uncertainty. It is considered a resilient investment and a hedge against inflation, with investors betting it will retain its value when prices rise.
The government shutdown has left traders and policymakers without any federal data, including the crucial monthly jobs report. Key inflation figures for the month of September are due next week. That has forced investors to rely on secondary, non-government data to gauge the timing and extent of Fed rate cuts.
Markets continue to price in a quarter-point cut at the Fed's October 28-29 meeting and a similar-sized reduction at its December meeting.
"I see gold reaching $4,300 per ounce over the next six months as the US dollar is expected to continue to depreciate," said Michael Langford, chief investment officer at Scorpion Minerals.
Billionaire investor Ken Griffin said Monday the development of gold as a safer asset than the dollar is "really concerning."
"We're seeing substantial asset inflation away from the dollar as people are looking for ways to effectively de-dollarize, or de-risk their portfolios vis-a-vis US sovereign risk," he said in an interview with Bloomberg.
Goldman Sachs on Monday raised its December 2026 price forecast for gold to $4,900 per ounce from $4,300.
China's central bank added gold to its reserves in September for the 11th straight month, data from the People's Bank of China showed. |
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Moderator
United States
188326 Posts |
Over 4$k again with a few dips. Could be staying there it seems. |
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Pillar of the Community
United States
921 Posts |
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Goldman Sachs on Monday raised its December 2026 price forecast for gold to $4,900 per ounce from $4,300. This is unbelievable. |
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Valued Member
 United States
314 Posts |
These are the sort of things that tend to happen around tops. Not that I think we are at one now. This is what I would be on the lookout for. 1) Everybody looking UP with higher and higher projections. Nobody looking down. Check. 2) public participation reaches record levels. To me this would be indicated by record levels of gold bullion reserves in GLD. This still has a way to go. 3) Whenever the story breaks on why gold is going up so much and this becomes common knowledge. Haven't seen this yet.
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Pillar of the Community
United States
2465 Posts |
you know, I was biting my lip when I posted my last-- gold to $5K by 10/31/26-- but today I'm just now getting to sit for a minute and look at things and I'm seeing others' predictions like $5K by xmas this year. my view doesn't seem too crazy, in fact my view looks like the slow boat compared to others.
so, okay... $5K gold by xmas... that is going to have to mean:
-more geopolitical tensions;
-further depreciation of the dollar;
-more socioeconomic uncertainties;
-increased central bank/govt. PM purchases;
...and probably a host of other things. the world we have to go out and face every day is becoming increasingly more unstable, but the Au/Ag we've been stacking is doing what it's supposed to. amazing to see play out what I read about 20 years ago. I couldn't do much else, but I got into stacking (in a minor way) and jump-started my coin interests again and I am so glad that I did. I'm glad for everyone who did and still does.
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Pillar of the Community
United States
2850 Posts |
Quote:
Quote:
Goldman Sachs on Monday raised its December 2026 price forecast for gold to $4,900 per ounce from $4,300.
This is unbelievable. Another +22.5% increase from current levels in 14 months will probably become a self-fulfilling prophecy. Its when analysts start touting, $10,000-$15,000 per ounce, you know that'll be(whatever price at that time) the top of the market. Edited by coin rejector
10/07/2025 4:58 pm
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Valued Member
United States
314 Posts |
I'm trying to time trading some silver for gold and the market is NOT cooperating!
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Pillar of the Community
United States
2465 Posts |
gold has been doing some interesting leaps overnight. 3:37am, $4,038. i was doing some reading tonight; it took gold 14 years to double in price, to go from $1K to $2K. then it took gold just 2 years to double in price, to go from $2K to $4K. I wonder how long it will take gold to double in price now, to go from $4K to $8K. I'm just wondering aloud, it doesn't mean anything.    I'm up late watching the charts, playing with the cat. here's hoping retail doesn't catch the gold wave until after black friday. I want some gold on black friday (silver, too), so no runs on gold (& silver) until after november 28th weekend.  hard telling what prices will be by then.  edit, 6:03am $4049 as I climb into bed... Edited by MrPink2018
10/08/2025 06:04 am
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Pillar of the Community
United States
5850 Posts |
Oh my:  |
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Replies: 262 / Views: 14,503 |
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Posted 10/07/2025 09:25 am
