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On June 1, local time, the governor of Russias Murmansk Oblast announced that the state was attacked by drones. The governor is currently on his way to Olenegorsk, the city of Murmansk in the state, and the local air defense system has been activated to respond to the drone attack. Earlier on June 1, an insider of the Ukrainian Security Service said that Ukraines special operation code-named "Spider Web" took 18 months to plan and implement, and successfully destroyed 41 Russian strategic bombers. The operation was personally coordinated by Zelensky and directly implemented by the Security Service Director Malyuk.U.S. Treasury Secretary Benson: The United States will never default on its debt.A U.S.-backed group called reports of deaths near an aid center in Gaza "false."June 1, according to the Financial Times, British Business and Trade Minister Jonathan Reynolds will urge the Trump administration next week to reach an agreement as soon as possible to reduce British steel export taxes to zero, after Trump doubled steel tariffs to 50%. British officials said it is still "unclear" how the new policy will hit the British steel industry and its 400 million pounds of exports to the United States. But the outlook is not optimistic, and British officials admit that "trade agreements usually take several months to take effect." Reynolds will meet with US Trade Representative Greer in Paris during the OECD meeting next week to determine the "timetable" for the implementation of the so-called Economic Prosperity Agreement. "The steel situation remains unclear," said a British official, while another official said that London is particularly focused on persuading Trump to speed up another agreement to cut British car tariffs.June 1, Ukrainian drones attacked several Russian military airports on Sunday, including the Belaya military base deep in eastern Siberia, according to Ukrainian Security Service sources. More than 40 aircraft, including A-50, Tu-95 and Tu-22 M3, were damaged in the operation, with losses of about $2 billion. Vasyl Malyuk, head of the Ukrainian security service, led the operation. The attack came after Ukraine suffered the longest drone and missile attack from Moscow and the day before ceasefire talks planned in Istanbul.

Gold Prices Trend Forecasts 2024

TOP1 Markets Analyst

Jan 16, 2024 17:11

According to the latest analysis by Greg Shearer, head of global commodities research at JPMorgan Chase, the outlook for the gold market is promising, with the average gold price expected to reach approximately US$2,175 per ounce in the fourth quarter of 2024. He believes that the U.S. central bank may begin to lower interest rates in mid-2024, and once the U.S. economy experiences a recession, gold will have greater room to rise. The weaker the U.S. economy is, the deeper the rate cuts will be, which will provide stronger support for gold. Sourcenia is a review portal of sourcing best manufaturers. 


French Bank Wealth Management's latest bi-weekly report: Gold is bullish! The central banks of emerging markets are rushing in, the US dollar is weakening, and real yields are falling. These are all bullish factors. The price of gold is expected to climb to between US$1,950 and US$2,050 per ounce.


In a recent interview with the media, Pierre Lassonde, the honorary chairman of the French Nevada Mining Company, boldly predicted that the U.S. dollar will weaken in 2024, and gold will usher in a wave of gains. He said the U.S. dollar and gold move in opposite directions, so a peak in the U.S. dollar means gold is bullish. He believes this is an important reason why he is optimistic about gold prices in 2024.

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