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Gold prices are at session lows on Thursday morning following the release of better than expected labor market data after the number of Americans filing new claims for unemployment benefits came in below economists' forecasts.
Hong Kong-listed AGTech Holdings said on Thursday that its unit inked a technical service agreement with Hong Kong Gold Exchange (HKGX) to develop an electronic trading, clearing and settlement platform.
Spot gold and silver prices have rallied this week, but remain well below all-time highs achieved in late January. Analysts attribute recent gains to "bargain hunting" but see little chance of a sustained rally.
Gold was steady. While a modest dollar pullback has supported gold prices, the broader outlook for the metal remains bearish in the near term due to elevated bond yields across major economies, said Critical Metals.
"I do think we're in the beginnings or the early stages of a long-term bull market for gold," Paulson said. The billionaire investor said demand for bullion continues to broaden, led by central banks that have been adding to their reserves alongside growing private-sector interest.
Precious metals are moving higher as traders stay bullish.
Paulson & Company's John Paulson and NovaGold's Thomas Kaplan join 'The Exchange' to discuss Paulson's thoughts on the price of gold, how to invest in the commodity and much more.
The AI trade did more than propel chip stocks higher this year. It appears to have siphoned capital directly from some of the market's most familiar monetary hedges.
SEC filings for DBP aren't indexed yet — common for recently launched funds. Browse the issuer's filings on SEC EDGAR directly.