Gold Reaches an All-Time High
2024.11.25 19:40 Temporary_Noise_4014 Gold Reaches an All-Time High
Have you been keeping an eye on gold prices lately? If not, you might be surprised to learn that gold has hit new record highs, fueled by several key factors that have investors rushing to this timeless safe haven. Growing uncertainties surrounding the Middle East conflict, concerns over the upcoming US election, and a wave of central banks easing their monetary policies are all playing a part in this surge. As the world watches these events unfold, the demand for gold is rising. Historically, gold has been a reliable store of value when everything else seems volatile. As central banks—especially the US Federal Reserve—cut interest rates to stimulate their economies, gold tends to perform well. This is because low interest rates reduce the opportunity cost of holding gold, which doesn’t pay dividends or interest, making it more appealing. Let’s talk numbers. Spot gold prices rose 0.32%, reaching $2,730 per ounce, while gold futures on the Comex climbed by 0.59% to $2,746 per ounce—new record highs for the fourth straight day! These figures point to a strong, sustained rise in gold’s value, and many analysts believe it’s not over yet. Here’s an interesting thought: why does gold react so strongly to central banks’ decisions? Recently, the People’s Bank of China (PBOC) cut its benchmark mortgage rates more than expected, causing commodity prices—including gold—to jump. And it’s not just China. Central banks worldwide, like the European Central Bank (ECB) and the Fed, are lowering rates to try and stimulate their economies. Another driving factor behind gold’s meteoric rise is escalating geopolitical tensions. For example, in the Middle East, increasing conflict—like the recent Hezbollah drone explosion in Israel—is pushing investors toward gold as a hedge against instability. Even the upcoming US presidential election has markets on edge, with polls indicating a tight race. Historically, periods of political uncertainty tend to benefit gold. Given the current environment—uncertainty in global politics, central banks easing, and ongoing conflicts—it’s hard to predict where gold will go next. But many analysts think gold’s rise could continue. With interest rates at historic lows and economic uncertainty showing no signs of disappearing soon, the conditions seem favorable for gold to remain in the spotlight. My Stock Pick for November: Element79 Element79 Gold (CSE: ELEM) (OTC: ELMGF) (FSE: 7YS) Gold is advancing in the precious metals sector, focusing on gold and silver. With both near-term production and long-term exploration projects, the company is poised to generate revenue while expanding its resource base. Its flagship Lucero Mine in Peru, known for its high-grade deposits, is set to resume production soon. Historically, Lucero produced 40,000 ounces of gold equivalent annually, with an average grade of 19.0 grams per ton in gold equivalent. The mine’s underground workings extend over 16 kilometers, highlighting its significant reserves. Element79 Gold has outlined an ambitious plan for its upcoming activities, starting with a financing round of up to CAD $2,000,000, aimed at funding the fall-winter work campaigns. The funds will be allocated with 60% towards drilling and 40% towards project management, operations, and investor relations. The company plans to kick off a 2,000-meter inaugural drilling campaign at the Clover project, building on results from 104 shallow holes to begin resource discovery. In addition, Element79 is focusing on completing due diligence for the tailings with the potential to generate immediate revenue through a Mineral Resource Estimate (MRE) and Preliminary Economic Assessment (PEA). The company also plans to negotiate community contracts to secure surface rights for 3 to 10 years, ensuring long-term access to mining sites. At the Lucero Mine, a 1,000-meter inaugural drilling campaign will target resource discovery while mapping and preparing for surface drilling by 2025. Furthermore, Element79 will assess data from Lucero, Clover, and tailings to refine its plans for 2025, including further drilling, MRE updates, and PEA preparations. The permitting process for plant construction, tailings processing, and surface drilling is expected to take 4 to 6 months, ensuring that the groundwork is laid for future operations. Gold or Treasury Bonds? Bank of America analysts suggest that the increasing U.S. debt-to-GDP ratio, along with rising bond yields, may push more investors toward gold. As the Treasury sells more bonds, yields rise, and bond prices fall. Historically, this would hurt gold, but now, even with higher rates, gold remains strong. In fact, BofA predicts gold could hit $3,000 per ounce, calling it the “ultimate safe-haven asset.” Gold has surged more than 30% this year, reaching $2,700 per ounce. This rise continues despite the U.S. budget deficit reaching $1.8 trillion and interest payments on the national debt climbing to $950 billion. As central banks worldwide diversify their reserves away from U.S. debt, gold’s appeal grows. With spending pressures from climate change and defense needs, the future may see gold as the last standing safe investment. Bank of America notes, “If markets become reluctant to absorb all the debt, gold may be the final safe-haven asset.”
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2024.11.25 19:40 el3rod عروض جراند فريش الكويت|25-11 حتى 1-12-2024\ #عروض_جراند_فريش\ #العروض #el3rod\ #تخفيضات #خصومات #تسوق #عروض #تخفيض #خصم #عرض\ #اخر_عروض_الكويت #الكويت #عروض_الكويت
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2024.11.25 19:40 0cTony [WTT] Exclusif Saffron Maison Alhambra 100ml 100% Full (Bottle)
Hey, looking to trade my bottle of Exclusif Saffron for another fragrance.
Send me your best offers! I’m looking for Ameer Al Oudh intense, primal code, Lattafa kingdom, or ansaam silver, but I’m open to all trades. Also open to selling as well! $
Here’s the link to the pic: https://drive.google.com/file/d/1kw-jU1GhQ8eiIeNXPfYXC-wtETnVtuXs/view?usp=drivesdk
Thanks!
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2024.11.25 19:40 redditmistro Should I buy new parts or get it repaired?
Hello! I recently spilled water on my computer tower and took it in to be repaired.
The place told me “there are many chips affected by the water, we can try to fix the motherboard the total cost will be $195.” They specified after that my motherboard and CPU were affected.
I built the computer back in 2018, so it is a little bit older. I was wondering if anyone had any advice whether I should just purchase a new and updated motherboard/CPU. I’m not very familiar with computers so I wasn’t sure if this price is fair or not.
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2024.11.25 19:40 everyonesohot Resume review. Guys give me your honest opinion. As a third year what should I improve
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2024.11.25 19:40 Dlabradoodle Thoughts on diamond? Any concerns
 | I’ve been on the search for a diamond for a while now. This one is a 1.30ct G VS1 It’s got a comment: pinpoints not shown I’m not sure what a cloud entails, it’s kinda in middle of stone and idk if it makes the diamond hazy or affect much ? Is there anything that is concerning that stands out to you? Any help is super appreciated, I’m hoping to hone in soon on one submitted by Dlabradoodle to Diamonds [link] [comments] |
2024.11.25 19:40 jediKAM verify issue
So I am trying to verify my account but in my photo id I have no facial hair but in my selfie I have a beard and I think that's why it wont work any way around it bar shaving years of work of my face?
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2024.11.25 19:40 ronaksurana1 Worth buying??
 | Planning on buying these. Can anyone share their experiences if they have bought these.. Also which other similar collections do u recommend. submitted by ronaksurana1 to Indiabooks [link] [comments] |
2024.11.25 19:40 Intelligent_Roll_874 Volunteers Wanted!
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2024.11.25 19:40 pcmofo Help me find a small sling bag to replace my northface. These ain't it :(
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2024.11.25 19:40 JStandardsx H: 2x futuristic globe W: arranged trade
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2024.11.25 19:40 userdead999 I'm tired boss.
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2024.11.25 19:40 thehairybastard The end of a long term relationship
Hi to whoever reads this. I’m a 28m, and I’m currently in the process of decoupling with a 50f.
We started seeing each other when I was 22, and she was 44, so there’s a 22 year gap and have been together for 6 years.
I’d say a strong 95% of the time, we have both been having a lot of fun, such a deep, playful, and genuine connection with each other. This has also been the only serious relationship I’ve ever been in.
My girlfriend turned 50, and communicated to me that she was going through a transitional period, and that she felt like we needed to work towards separating, but that she still really wants me to continue to be a close friend.
We both knew that this would eventually be what happened.
But for some more context, we had two wonderful camping trips, in which I really felt like I put in a majority of the physical labor to make everything happen so that everyone had a good time, which everyone did.
Then, I had a 5 week work trip coming up, and it felt as if she dropped this on me 5 days before I had to leave.
When I came back, she didn’t have a lot of time to hang out with me, she didn’t want me sleeping over at her house as much, and I would say that I generally felt as though things changed very suddenly.
Where we used to deeply discuss and work through our feelings, very successfully, it now felt like there wasn’t enough time to make sure everything was being processed.
Also important, when I left, she started hanging out with a guy closer to her age, who had previously expressed his feelings towards her. She was open with me about this, and she said that she was just getting to know him, i.e. she wasn’t physically cheating on me.
I think that wraps up the summary. This is feeling very challenging for me. I respect her so much, and I know that she doesn’t want to hurt me, but my experience in this has felt like getting smothered with a pillow in your sleep.
I don’t feel like there has been much closure. We are very bonded, and it feels like we went from having a deeply intimate secure connection, to a confusing and messy one where it feels like my attraction to her is forbidden because it feels to her like she is cheating on her future boyfriend.
I know that she is struggling too, and she is feeling shame.
She is very reassuring to me, but my inner world is depressing, and I feel like the only way I could be feeling this sad is because I did something to deserve it.
In the meantime, everything else in my life is going great. Everything else that happened this year was exciting, my work life is satisfying and I’m less worried about money than I’ve ever been.
But now I have a void within me. I know that things will get easier, and I just wanted to vent and share with the hope that someone knows what I/we are going through.
And also, to throw out there, that no matter how wonderful something is, it won’t last forever.
Everything is temporary, and while the AGR I’ve been in has been overwhelmingly positive, taught me so much, changed my life for the better, the experience I’m going through presently is one of the most emotionally difficult things I’ve ever gone through. Trying to let go, and have a graceful ending.
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2024.11.25 19:40 Short-Historian7063 Inexplicable agresión de un policía a joven hincha de Olimpia
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2024.11.25 19:40 H3llo_Kittyw tell me about you
What is that one thing that everyone finds funny but you find very sad?
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2024.11.25 19:40 hunter1899 Anyone know what the review embargo lifts for Great Circle?
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2024.11.25 19:40 MusicalMyke2307 Can anyone give me more mashup songs like "Without me x Can't hold us" for my adhd brain?
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2024.11.25 19:40 Old_Pop7345 What vibe does this image resonate with?
submitted by Old_Pop7345 to musicsuggestions [link] [comments]
2024.11.25 19:40 getme2022 Let me suck it real quick
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2024.11.25 19:40 raosab0001 Questions
I am in finalCurrently I am placed in two companies one is Cognizant as a genc role and another is Ltimindtree as a graduate engineer trainee both has same package as 4LPA? So which one join considering growth and hike my techstack is cybersecurity?
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2024.11.25 19:40 DebtEnvironmental269 Is there a mod that tweaks the base price of products made by your colonies?
Maybe this is already in Nexerellin or Industrial Revolution and I didn’t notice.
Long story short, I have my first colony up for this run producing a moderate amount of heavy armaments and drugs. What bothers me is that my colony uses base price to determine how much I pay for trade goods. Is there a mod that lowers the cost for my colony? Like what you see in AI colonies that have excess inventory. I would be nice to not pay $500 a pop for heavy armaments from my own colony when I can only sell for $800
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2024.11.25 19:40 G_N_3 Post Nerf Reaver panicking
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2024.11.25 19:40 weescotsman Thermador Oven - Error 43
I have a Thermador oven, model # PRG305PH. I was getting error 43 when preheating the oven. I ordered a new oven fan and replaced it the other day. Unfortunately, I'm still getting the error with the new fan.
During the preheating stage, I can hear the fan turn on after a little while, so it seems to be functioning properly. What else would cause error 43 to continue to appear? Not great timing with Thanksgiving!
Thx!
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2024.11.25 19:40 bbuggss Undergad Switch to Architecture?
I am currently a first year eng student in Schulich, but I am considering switching into architecture, with the eventual goal of enrolling into the MArch program. I tried looking for some information online about the process to get there but I'm quite confused. Would there be an advantage to switching undergraduate degrees to a Bachelor of Design in City Innovation or just completing my Eng degree in Civil and then applying to MArch? I really really hate eng though and don't know if I can make it through four years ngl.
If I do decide to switch to BDCI, what are the steps I'd need to take? About how many years will it take to complete the masters, assuming everything goes well?
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2024.11.25 19:40 Batwaffel Horror Sound "Portal" collection of 540 door sound effects of gentle click of a latch, forceful kick of a heavy door, old wooden doors, metal gates, deep “dungeon” metal door, high pitch squeaking wire-netting gate, heavy church gate and more - Intro Price ($79) with free gift for limited time
https://www.horrorsound.org/sounds/portal
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