i-80 Gold Stock News

Ernest Hoffman is a Crypto and Market Reporter for Kitco News. He has over 15 years of experience as a writer, editor, broadcaster and producer for media, educational and cultural organizations.

Major banks expect gold to extend its record-breaking price rally into 2025 because of a revival in large inflows to exchange-traded funds (ETFs) and expectations of additional interest rate cuts from prominent central banks around the world, including the U.S. Federal Reserve.

Consumers earning less than $50,000 experienced the largest decrease in confidence.

Jeremy Szafron joins Kitco News as an anchor and producer from Kitco's Vancouver bureau.  Jeremy is a seasoned journalist with a diverse background covering entertainment, current affairs and finance.

UBS analysts believe gold prices are on course to rise even further after the yellow metal broke yet another record on Tuesday. Further easing of US base rates by the Federal Reserve, worsening geopolitical tensions and ongoing demand from central banks should keep driving gold higher, UBS said in a note on Tuesday.

Neils Christensen has a diploma in journalism from Lethbridge College and has more than a decade of reporting experience working for news organizations throughout Canada. His experiences include covering territorial and federal politics in Nunavut, Canada.

Inflows into gold exchange-traded funds, particularly from Western investors, are set to rise in coming months, adding yet more positive stimulus for already record high bullion prices, analysts said.

Jim Wyckoff has spent over 25 years involved with the stock, financial and commodity markets. He was a financial journalist with the FWN newswire service for many years, including stints as a reporter on the rough-and-tumble commodity futures trading floors in Chicago and New York.