Central Bank Gold Buying

Gold prices surged past the $4,500-an-ounce mark in New York, extending a strong rally after softer-than-feared US inflation data reduced expectations for another Federal Reserve interest-rate hike. The move pushed gold futures to fresh…

New York: Mounting concerns over the United States' growing fiscal deficit and rising government debt could drive gold prices to $6,000 per ounce over the longer term, according to a leading commodities analyst. The bullish forecast…

New York: Global investment bank Goldman Sachs has revised its gold price forecast downward to $4,900 per ounce, reflecting changing expectations for global economic conditions, interest rates, and investor demand for safe-haven assets.…