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☆ Gold plunges 3% as Trump Treasury pick and potential Israel-Hezbollah truce fuel risk-on mood
▼ + stars: | 2024-11-26 | by ( Lee Ying Shan | In Ying-Shan-Lee | ) www.cnbc.com time to read: +4 min

Gold prices lost about 3% after President-elect Donald Trump picked Scott Bessent as his Treasury secretary, with reports of Israel and Hezbollah nearing a ceasefire deal also eroding the safe-haven metal's appeal. A potential Israel-Hezbollah ceasefire agreement and Bessent's appointment were the key contributors to the bullion selloff amid a risk-on sentiment, Shiels added. Higher interest rates tend to erode the appeal of non-interest bearing gold compared to Treasuries — a competing safe-haven asset. Gold prices fell to a two-month low right after Trump's victory before rebounding to the $2,700 levels. Similar to when the Middle East conflict first broke out, gold prices tend to react very sharply initially before correcting over time as economic factors come back into focus, Eckford added, maintaining that gold prices were still set to advance toward $3,000 in 2025.

Persons: Jerome Powell, Donald Trump, Scott Bessent, Nicky Shiels, Danny Danon, Israel, John Kirby, it's, Bessent, Daniel Ghali, Shiels, Ghali, Donald Trump's, Trump, Robert Eckford, Rua Gold, Eckford Organizations: Federal, New York Mercantile, MKS, House, Key, Shanghai Gold Exchange, Federal Reserve, CNBC Locations: Israel, Key U.S, Canada, Mexico, Russian, Ukraine

☆ Trump victory drives gold to near 2-month lows as investors pile into equities, cryptocurrencies
▼ + stars: | 2024-11-14 | by ( Lee Ying Shan | In Ying-Shan-Lee | ) www.cnbc.com time to read: +3 min

Gold prices extended their decline to a near two-month low Thursday amid risk-on sentiment and as the dollar continues to strengthen following Donald Trump's election victory last week. He elaborated that gold prices are likely to trade lower as U.S. equities rally on prospects of lower tax and regulations. In spite of the slide in gold prices, market watchers are still optimistic on the fundamentals of the bullion. The underlying drivers of the gold market are still in place, Layton said. A mix of rising debt, geopolitical tensions and central bank demand are expected to support higher gold prices, said Canaccord Genuity.

Persons: Donald Trump's, Maximilian Layton, bitcoin, Trump, Layton, Commonwealth Bank of Australia's Vivek Dhar, Nicky Shiels, Canaccord, Trump's, Canaccord Genuity Organizations: Co, New York Mercantile, White, CNBC, U.S, Commonwealth Bank of Australia's, MKS Locations: Bangkok, Thailand, U.S, bitcoin, Central

☆ Gold scales 2-week high as Fed nods to likely Sept rate cut
▼ + stars: | 2024-08-01 | by ( ) www.cnbc.com time to read: +2 min

Gold prices climbed to a two-week high on Thursday as U.S. Federal Reserve Chair Jerome Powell opened the door to cutting interest rates as early as September. Gold prices climbed to a two-week high on Thursday as U.S. Federal Reserve Chair Jerome Powell opened the door to cutting interest rates as early as September. Prices were just about $35 shy of the record high of $2483.60 scaled on July 17. "Gold bulls couldn't resist the urge to buy more gold after the Fed effectively signaled the beginning of its rate-cut cycle. "If the data comes in much hotter than expected, that could dent gold as we head towards the weekend," Simpson added.

Persons: Jerome Powell, Matt Simpson, Simpson, Ismail Haniyeh, Nicky Shiels Organizations: Federal, Index, MKS PAMP SA Locations: U.S, Tehran, Israel, Gaza

☆ Why gold weakness might be an opportunity for investors
▼ + stars: | 2024-04-22 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWhy gold weakness might be an opportunity for investorsNicky Shiels, MKS PAMP SA head of metal strategy, joins 'Fast Money' to talk the recent drop in gold prices.

Persons: Nicky Shiels Organizations: MKS PAMP SA

☆ MKS Pamp: Silver could reach record highs, as it's also an inflation hedge like gold
▼ + stars: | 2024-04-04 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailMKS Pamp: Silver could reach record highs, as it's also an inflation hedge like goldNicky Shiels, head of metals strategy at MKS Pamp, discusses the outlook for gold, silver and other precious and industrial metal prices this year.

Persons: it's, Nicky Shiels Organizations: MKS

☆ Gold soars past $2,100 to new record — and analysts don't expect it to stop there
▼ + stars: | 2023-12-04 | by ( Lee Ying Shan | ) www.cnbc.com time to read: +1 min

Gold prices notched a new record on Monday for a second day in a row — with spot prices touching $2,100 as the global rush for bullion appears set to continue. Gold prices are on course to hit fresh highs next year and could remain above $2,000 levels, analysts said, citing geopolitical uncertainty, a likely weaker U.S. dollar and possible interest rate cuts. Gold tends to perform well during periods of economic and geopolitical uncertainty due to its status as a reliable store of value. He estimated that gold prices could reach up to $2,200 by the end of 2024. "There is simply less leverage this time around vs 2011 in gold ... taking prices through $2,100 and putting $2,200/oz in view," said Nicky Shiels, head of metals strategy at precious metals firm MKS PAMP.

Persons: Heng Koon, Nicky Shiels Organizations: Markets, Global Economics, Markets Research, CNBC Locations: Israel

☆ MKS PAMP: Gold is a scorecard on how well the Fed can land the economy
▼ + stars: | 2023-04-10 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailMKS PAMP: Gold is a scorecard on how well the Fed can land the economyNicky Shiels, head of metals strategy at MKS PAMP, says if the Fed can't do a good enough job in orchestrating a soft landing for the economy, gold prices could trade upwards of $2,500 an ounce.

☆ Gold gains as Fed hints at pause in rate hikes
▼ + stars: | 2023-03-23 | by ( ) www.cnbc.com time to read: +2 min

Pure 1,000-gram gold bars produced by South Korea's LS-Nikko are stacked in a dealers room in Seoul on January 9, 2009. Gold prices advanced on Thursday after the U.S. Federal Reserve hinted it was nearing a pause in its rate-hike cycle, making the safe-haven asset a more attractive bet in a future low interest environment. Spot gold was up 0.4% at $1,976.98 per ounce, as of 0406 GMT. Traditionally considered a hedge against inflation and economic uncertainties, gold prices jumped 2% on Wednesday after the Fed raised interest rates by an expected 25 basis points, and indicated it might pause further increases after the recent collapse of two U.S. banks. Spot silver slipped 0.4% to $22.94 per ounce, platinum added 1.1% at $988.61, while palladium lost 0.5% to $1,443.57.

☆ China's reopening could boost global growth — and worsen inflation
▼ + stars: | 2023-01-27 | by ( Anna Cooban | ) edition.cnn.com time to read: +7 min

London CNN —China’s swift reopening after nearly three years of strict coronavirus controls could provide a much-needed boost to global economic growth, but may also stoke inflation just as it has shown signs of falling back. The revival of the world’s second largest economy — and its biggest consumer of commodities — threatens to push up global prices for fuel, industrial metals and food this year. The speed of the reopening, as well as indications that infections may have already peaked, has been surprising, analysts told CNN. Yet, if global food and energy prices start rising again, that could feed through into higher consumer prices. China’s reopening could bump up demand for agricultural goods, while the world is still in the grips of the worst food crisis in modern history.

☆ Silver prices could touch a 9-year high in 2023 — with a bigger upside than gold
▼ + stars: | 2023-01-20 | by ( Lee Ying Shan | ) www.cnbc.com time to read: +4 min

Akos Stiller | Bloomberg | Getty ImagesPrices of silver could hit a nine-year high of $30 per ounce this year — possibly outpacing gold prices. No silver lining for silver supplies"We hit peak silver supply back about five, six years ago. The supply of silver, which is largely produced as a byproduct of lead-zinc, copper and gold mines, does not generally respond as quickly to demand. Andrey Rudakov | Bloomberg | Getty Images"When silver prices go up, it's not like the silver mines can increase production, because the silver mines only supply about 25% of the silver," Smallwood said, adding that the market often relies on the lead-zinc mines to satisfy the higher demand. "I'm very bullish on gold, but I'm even more bullish on silver," Smallwood said.

☆ Read the 14-slide pitch deck that golf startup Stix used to raise $10 million in Series A funding as it aims to make the sport more inclusive
▼ + stars: | 2022-09-21 | by ( Colin Salao | ) www.businessinsider.com time to read: +4 min

Stix is a startup that aims to sell quality golf clubs at an affordable cost. See the pitch deck that Stix used to raise a $10 million Series A round in May. They were also frustrated by the tech jargon and confusing fitting requirements that went into buying a new golf set. StixThe startup closed in May a $10 million Series A funding round with investments from Verance Capital, 2.0 Ventures, and Spacestation Investments. Here's the 14-slide pitch deck that Stix used to raise $10 million in Series A funding in 2022:

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