Welcome to to the O'NeillsGold&Silver news feed. our news team aims to cover all the latest headline stories affecting the gold and silver bullion markets.
10/12/24
El Salvador discovers potential $3 Trillion worth of gold
El Salvador discovers potential $3 Trillion worth of gold and no one is allowed to mine it. Bukele has revealed plans to submit a proposal to the Legislative Assembly, in order to repeal the mining prohibition within the country that has been in place for the last seven years. Due to these findings will gold fall? and silver rise?
03/12/24
J.P Morgan has been right about gold for 2 years, Here's their call.
For two years, J.P Morgan strategists have urgedinvestors to buy gold, and for two years they have been right. On Tuesday, the bank predicted a triple crown, saying gold is once again the top commodity to buy.
"Gold still looks well situated to hedge the elevated levels of uncertainty around the macro landscape heading into initial stages of the Trump administration in 2025,"
02/12/24
Gold & Silver under pressure as dollar climbs.
Gold and Silver prices came under pressure as the last trading month of the year kicked off on Monday, with a rising dollar and treasury yields dinging precious metals.
28/11/24
China discovers a gold filled cave worth nearly $100 Billion.
In China's Hunan province, scientists have identified a massive gold deposit within the Wangu gold field, estimated to hold approximately 1,1oo metric tons of gold.
This discovery is potentially the largest natural gold reserve on Earth and could significantly influence global gold markets and mining strategies. With an exceptionally high ore quality of 138 grams of gold per metric ton.
18/11/24
Gold and Silver rising on Ukraine-Russia escalation.
Gold and Silver prices have started the week stronger following their recent sell-off. Escalation between Ukraine and Russia has reversed gold's fortunes after two weeks of markett attention focused on the US election.
10/11/24
Russia's gold reserve surpass $200 Billion for the first time, now 32.9% of total international assets.
This significant move highlights Russia's commitment to diversifying its reserves amid global economic shifts.