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Oil has been used by people for over 5,000 years, once used as a medicine for treating ailments such as gout and frostbite.
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Up without a stop - that's what awaits us with the price of gold
Posted by Admin on Friday, 16 August 2024
As we have written many times, the price of gold will have only one direction - up. Today, as we write this article, the price of gold is exactly $2,500 per ounce. The massive printing of dollars during the Biden period led to inflation not seen in decades. Although gold is catching up some of the inflation, it still has a lot of catching up to do.
And when you add the combination that the dollar is not surrounded by anything at the moment, and even the military power of the United States is in doubt, gold is the only real asset (along with other metals and food).
If we add the huge uncertainty in the world, both military and in anticipation of the next big pandemic, then all the free capital in the world goes to gold.
The price of gold is $2,500 today, and it's a holiday month, with the beginning of September, and if they really succeed in putting the new pandemic into action, then the limit to $3,000 can be reached very quickly. This time, we at World-Signals.com predict that there will be no exchange of gold for fresh capital to cover costs in a crisis.
« More News GBPUSD medium term forecast
Posted by Admin on Wednesday, 07 August 2024
A collapse of the British Pound is inevitable in the coming weeks. The situation in Great Britain is very unstable, many businesses are closing temporarily, but the situation with the protests and turning society against each other will have a negative impact on the economy in the medium term.
It is quite possible that the escalation of tensions after the killing of the three girls, as well as the serious wounding of more people, will continue to grow.
We expect the Pound to reach October 2023 levels with GBPUSD levels at 1.20, at a current rate of 1.2710.
« More News What is driving the price of crude oil down?
Posted by Admin on Monday, 29 July 2024
Growth in crude oil production in the United States further pushed crude prices lower.
In addition, the tendency for the price of oil to become cheaper is from the last one or two months, when it became clear that OPEC+ will not continue with the reduced production. All this has been happening since the beginning of July 2024, a trend that will most likely continue until November. Why until November?
The goal of the ruling Democrats in the United States is to keep the price of fuel low so that the electorate can choose the next candidate for president again from the ranks of the Democratic Party. But we are unlikely to see prices lower than $60-$63.
« More News Biden withdrew from the race for a second term - who will replace him?
Posted by Admin on Sunday, 21 July 2024
Another twist in the politics of the United States. After the assassination attempt on President Donald Trump, after Biden withdrew from the race for a second term.
Today they finally managed to convince Biden to step down. This will definitely have an impact on the currency markets. The weak and endlessly disoriented president remains in history.
And who will replace Biden in the fight against Donald Trump? The choice most likely falls between the three candidates Hillary Clinton, Michelle Obama or Kamala Harris. Most likely, the choice of the Democratic Party will be a woman.
« More News The price of gold set a new record today
Posted by Admin on Tuesday, 16 July 2024
Today, the price of gold once again set a new record. The last record was $2,449.97 on May 20, 2024. As we predicted earlier this week, gold would set a new record.
Gold is currently priced at $2,451.30 and will likely continue to rise throughout the day.
« More News When will gold set a new record price?
Posted by Admin on Saturday, 13 July 2024
For more than two weeks, the gold price continues to rise. And although we are actively approaching the traditional holiday period, there will be no rest for gold this year. The rally that started gold not only with its constant growth of the last two weeks starting at $2294 per ounce, but also backwards since the beginning of the month of March this year.
The absolute gold price record of $2449.97 per ounce on May 20, 2024 will be reached very soon and improved again.
Appetites for gold around the world are steadily increasing with the continued growth of debt in the United States, as well as growing fears of escalating world conflicts to greater proportions. A large part of the population that can save or has savings is shifting investments from fiat dollars and euros to safer assets such as gold and silver. World-Signals.com's forecast is that the price of gold will set a new record by the end of the month, and in August it may cross the psychological level of $2,500 per ounce.
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