
$39,210 to $184,000 per ounce: Gold’s true present-day value as a reserve currency – VanEck
(Kitco News) – While gold rapidly approaches a once-unthinkable $5,000 per ounce, the real price of gold would be orders of magnitude higher if it needed to back the money already in circulation – with the currencies of some of the world’s most developed economies among the most at-risk, while countries like Russia and Kazakhstan could comfortably adopt the gold standard tomorrow, according to fixed income analysts at VanEck.
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Gold prices ride geopolitical shockwaves above $4,600, but real resistance lies at $4,770/oz – World Gold Council(Kitco News) – Gold prices are getting a big boost from ongoing geopolitical turmoil, and even at $4,600 per ounce, the yellow metal won’t qualify as extremely overbought from a technical perspective until it breaches $4,770 per ounce, according to the World Gold Council (WGC).In their latest Weekly Markets Monitor, WGC analysts noted that after a challenging start to the year, gold prices are right back on their uptrend.









