{"id":131119,"date":"2023-02-01T19:37:02","date_gmt":"2023-02-01T19:37:02","guid":{"rendered":"https:\/\/fin2me.com\/?p=131119"},"modified":"2023-02-01T19:37:02","modified_gmt":"2023-02-01T19:37:02","slug":"gold-demand-surges-most-since-2011","status":"publish","type":"post","link":"https:\/\/fin2me.com\/markets\/gold-demand-surges-most-since-2011\/","title":{"rendered":"Gold demand surges most since 2011"},"content":{"rendered":"

<\/picture> video<\/span> <\/p>\n

Fed pullback sets up ‘pretty nasty’ down trend for risk assets: Larry McDonald<\/h2>\n

The Bear Traps Report founder Larry McDonald looks ahead to the Federal Reserve’s first rate decision of 2023 on Wednesday.<\/p>\n

The demand for gold skyrocketed, rising to its highest point in over a decade last year and that demand may continue helped by substantial central bank-buying and strong retail investment. <\/p>\n

The yellow metal jumped 18% year-over-year in 2022, reaching 4,741t last year as inflationary pressures persisted, and traders sought material wealth in the face of a shrinking U.S. dollar.<\/p>\n

<\/picture>\n

Year to date, gold is approximately 6% higher after gaining almost 20% the last three months. The yellow metal is predicted to reach $2,000 per ounce in 2023.<\/span> (Discovery Channel \/ Fox News)<\/span><\/p>\n

Gold is up about 6% this year and is predicted to reach $2,000 per ounce in 2023. <\/p>\n

SDPR Gold Trust<\/strong><\/p>\n

BIDEN JABS GOP WHILE ANNOUNCING $292M RAIL TUNNEL MEGA GRANT<\/strong><\/p>\n

Data compiled by the World Gold Council showed annual central bank demand more than doubled to 1,136t in 2022, up from 450t the year before and to a new 55-year record high. <\/p>\n\n\n\n\n\n\n\n\n
Ticker<\/th>\nSecurity<\/th>\nLast<\/th>\nChange<\/th>\nChange %<\/th>\n<\/tr>\n<\/thead>\n
GLD<\/td>\nSPDR GOLD SHARES TRUST – EUR ACC<\/td>\n179.30<\/td>\n-0.08<\/td>\n-0.04%<\/td>\n<\/tr>\n
NEM<\/td>\nNEWMONT CORP.<\/td>\n53.24<\/td>\n+0.32<\/td>\n+0.60%<\/td>\n<\/tr>\n
WPM<\/td>\nWHEATON PRECIOUS METALS CORP.<\/td>\n45.28<\/td>\n-0.46<\/td>\n-1.01%<\/td>\n<\/tr>\n
<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

Meanwhile, fourth quarter purchases peaked at 417t, bringing the total for the second half of 2022 to more than 800t.<\/p>\n

US FARMERS SOUND ALARM ON CATASTROPHIC ISSUE FACING CORN<\/strong><\/p>\n

Edward Moya, a senior market analyst at OANDA in New York told FOX Business, "Gold appears to have gotten its groove back."<\/p>\n

"The precious metal is seeing massive inflows as global bond yields decline and central banks near the end of their respective rate hiking cycles," he added.<\/p>\n

<\/picture>\n

Federal Reserve Board Chair Jerome Powell is predicted to raise rates by 25 basis points, setting the federal funds rate between 4.5% to 4.75%, while marking the highest rate level since 2007.\u00a0<\/span> (AP Photo\/Jose Luis Magana \/ Associated Press)<\/span><\/p>\n

The Federal Reserve on Wednesday raised interest rates by 25 basis points, reducing the size of prior hikes but signaling inflation remains too high. <\/p>\n

GET FOX BUSINESS ON THE GO BY CLICKING HERE<\/u><\/strong><\/p>\n

Ken Martin at FOX Business contributed to this report.<\/i><\/p>\n

Source: Read Full Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

video Fed pullback sets up ‘pretty nasty’ down trend for risk assets: Larry McDonald The Bear Traps Report founder Larry McDonald looks ahead to the […]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"yoast_head":"\nGold demand surges most since 2011 - Fin2me<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/fin2me.com\/markets\/gold-demand-surges-most-since-2011\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Gold demand surges most since 2011 - Fin2me\" \/>\n<meta property=\"og:description\" content=\"video Fed pullback sets up ‘pretty nasty’ down trend for risk assets: Larry McDonald The Bear Traps Report founder Larry McDonald looks ahead to the [...]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/fin2me.com\/markets\/gold-demand-surges-most-since-2011\/\" \/>\n<meta property=\"og:site_name\" content=\"Fin2me\" \/>\n<meta property=\"article:published_time\" content=\"2023-02-01T19:37:02+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/fin2me.com\/wp-content\/uploads\/2018\/07\/105317719-1531134164137rts1vwr4.1910x1000.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1910\" \/>\n\t<meta property=\"og:image:height\" content=\"1000\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Mark\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Mark\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/fin2me.com\/markets\/gold-demand-surges-most-since-2011\/\",\"url\":\"https:\/\/fin2me.com\/markets\/gold-demand-surges-most-since-2011\/\",\"name\":\"Gold demand surges most since 2011 - Fin2me\",\"isPartOf\":{\"@id\":\"https:\/\/fin2me.com\/#website\"},\"datePublished\":\"2023-02-01T19:37:02+00:00\",\"dateModified\":\"2023-02-01T19:37:02+00:00\",\"author\":{\"@id\":\"https:\/\/fin2me.com\/#\/schema\/person\/ad0e9920e03d3b41c7ad02a18375d76a\"},\"breadcrumb\":{\"@id\":\"https:\/\/fin2me.com\/markets\/gold-demand-surges-most-since-2011\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/fin2me.com\/markets\/gold-demand-surges-most-since-2011\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/fin2me.com\/markets\/gold-demand-surges-most-since-2011\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/fin2me.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Markets\",\"item\":\"https:\/\/fin2me.com\/category\/markets\/\"},{\"@type\":\"ListItem\",\"position\":3,\"name\":\"Gold demand surges most since 2011\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/fin2me.com\/#website\",\"url\":\"https:\/\/fin2me.com\/\",\"name\":\"Fin2me\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/fin2me.com\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/fin2me.com\/#\/schema\/person\/ad0e9920e03d3b41c7ad02a18375d76a\",\"name\":\"Mark\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/fin2me.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/39b72719fb75a2d3c7d7695026648602?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/39b72719fb75a2d3c7d7695026648602?s=96&d=mm&r=g\",\"caption\":\"Mark\"}}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Gold demand surges most since 2011 - Fin2me","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/fin2me.com\/markets\/gold-demand-surges-most-since-2011\/","og_locale":"en_US","og_type":"article","og_title":"Gold demand surges most since 2011 - Fin2me","og_description":"video Fed pullback sets up ‘pretty nasty’ down trend for risk assets: Larry McDonald The Bear Traps Report founder Larry McDonald looks ahead to the [...]","og_url":"https:\/\/fin2me.com\/markets\/gold-demand-surges-most-since-2011\/","og_site_name":"Fin2me","article_published_time":"2023-02-01T19:37:02+00:00","og_image":[{"width":1910,"height":1000,"url":"https:\/\/fin2me.com\/wp-content\/uploads\/2018\/07\/105317719-1531134164137rts1vwr4.1910x1000.jpg","type":"image\/jpeg"}],"author":"Mark","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Mark","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/fin2me.com\/markets\/gold-demand-surges-most-since-2011\/","url":"https:\/\/fin2me.com\/markets\/gold-demand-surges-most-since-2011\/","name":"Gold demand surges most since 2011 - Fin2me","isPartOf":{"@id":"https:\/\/fin2me.com\/#website"},"datePublished":"2023-02-01T19:37:02+00:00","dateModified":"2023-02-01T19:37:02+00:00","author":{"@id":"https:\/\/fin2me.com\/#\/schema\/person\/ad0e9920e03d3b41c7ad02a18375d76a"},"breadcrumb":{"@id":"https:\/\/fin2me.com\/markets\/gold-demand-surges-most-since-2011\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/fin2me.com\/markets\/gold-demand-surges-most-since-2011\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/fin2me.com\/markets\/gold-demand-surges-most-since-2011\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/fin2me.com\/"},{"@type":"ListItem","position":2,"name":"Markets","item":"https:\/\/fin2me.com\/category\/markets\/"},{"@type":"ListItem","position":3,"name":"Gold demand surges most since 2011"}]},{"@type":"WebSite","@id":"https:\/\/fin2me.com\/#website","url":"https:\/\/fin2me.com\/","name":"Fin2me","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/fin2me.com\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/fin2me.com\/#\/schema\/person\/ad0e9920e03d3b41c7ad02a18375d76a","name":"Mark","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/fin2me.com\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/39b72719fb75a2d3c7d7695026648602?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/39b72719fb75a2d3c7d7695026648602?s=96&d=mm&r=g","caption":"Mark"}}]}},"_links":{"self":[{"href":"https:\/\/fin2me.com\/wp-json\/wp\/v2\/posts\/131119"}],"collection":[{"href":"https:\/\/fin2me.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/fin2me.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/fin2me.com\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/fin2me.com\/wp-json\/wp\/v2\/comments?post=131119"}],"version-history":[{"count":0,"href":"https:\/\/fin2me.com\/wp-json\/wp\/v2\/posts\/131119\/revisions"}],"wp:attachment":[{"href":"https:\/\/fin2me.com\/wp-json\/wp\/v2\/media?parent=131119"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/fin2me.com\/wp-json\/wp\/v2\/categories?post=131119"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/fin2me.com\/wp-json\/wp\/v2\/tags?post=131119"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}