Minted Assets Blogs

In 2024, the price of gold has been surging to new heights, catching the attention of investors and financial analysts around the world. As of mid-April 2024, gold prices have experienced a significant appreciation of 17%, at one point attaining a peak value of over $2,400 per ounce. While the reasons behind this surge are complex and multifaceted, there are a few key factors that can help explain why the price of gold has been on the rise.The escalation in gold prices can largely be attributed to the prevailing uncertainty and instability within the global economy. Factors such as persistent...

Spot pricing for precious metals refers to the current market price at which a commodity, such as gold, silver, platinum, or palladium, can be bought or sold for immediate delivery or settlement. Unlike futures prices, which represent the value of a commodity for delivery at a future date, spot prices reflect the real-time supply and demand dynamics in the market. The spot price is typically quoted in troy ounces for gold, silver, platinum, and palladium. It represents the price for one ounce of the metal in the open market. However, spot prices can also be quoted for other weights, such...

Central bank actions can have a significant impact on gold prices. Here are a few ways in which central bank actions can influence the price of gold:Central banks are major holders of gold reserves. When central banks buy or sell gold, it can directly impact the supply and demand dynamics of the market. If central banks increase their gold reserves, it signals confidence in gold as a store of value and can lead to increased demand and higher prices. Conversely, if central banks sell off their gold reserves, it can increase the supply of gold in the market and potentially...