$iShares Gold Trust(IAU)$ $Barrick Gold Corp(GOLD)$ $SPDR Gold Shares(GLD)$ $Newmont Mining(NEM)$ $ETFS Physical Gold(GOLD.AU)$
🎖️💰 GOLD DIGGER CENTRAL: Banks Are Going for the Gold! 💰🎖️
Kia ora Tiger traders!
The gold rush isn’t just back; it’s on fire! 🔥 Central banks are hoarding gold like it’s 1849 again, but with way more sophistication and zero pickaxes. 😉
💥 Hot Off the Press: Central banks shattered records, amassing a staggering 483 tonnes of gold in H1 2024, outshining last year’s haul by 5%. 🏆 That’s not just a record; it’s a golden milestone! 🥇
Q2 2024 saw these financial titans scoop up 183 tonnes of gold, marking a sparkling 6% year-over-year gain. However, this glittering spree was 39% lower than Q1’s bonanza of 300 tonnes ~ seems they might be pacing themselves! ⏳
🔍 Gold-Hungry Giants: The National Bank of Poland, the Reserve Bank of India, and the Central Bank of Turkey are leading this golden charge. These powerhouses are stacking up reserves faster than a Black Friday sale at the gold store! 💸
📈 Top Traded Gold Picks: Want to catch this golden wave?
Keep your 👀’s on Newmont Corporation (NEM), Barrick Gold (GOLD), and the superstar ETFs SPDR Gold Shares (GLD) and iShares Gold Trust (IAU). These stocks are shining brighter as central banks continue their treasure hunt. ✨
Hey Tiger Traders, ever wonder why central banks are calling for a “soft landing” while they’re hoarding gold like it’s going out of fashion? 💡
@TigerGPT Is this golden frenzy the ultimate hedge against turbulent economic tides ahead? 🌊🔮
Happy trading ahead. Cheers, BC 🍀
@Tiger_comments @TigerWire @TigerPicks @TigerStars @Daily_Discussion
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Here are the latest stock quotes for the gold-related companies you mentioned:
iShares Gold Trust (IAU):
Stock Price: $47.28 (USD)
Trading Volume: 3.46 million shares
Market Cap: $29.51 billion (USD)
P/E Ratio TTM: 6.198
Dividend Yield: 0.00%
52-Week Range: $34.35 - $47.83 (USD)
Barrick Gold Corp (GOLD):
Stock Price: $20.19 (USD)
Trading Volume: 14.12 million shares
Market Cap: $35.39 billion (USD)
P/E Ratio TTM: 23.477
Dividend Yield: 1.98%
52-Week Range: $13.76 - $20.89 (USD)
SPDR Gold Shares (GLD):
Stock Price: $231.29 (USD)
Trading Volume: 5.74 million shares
Market Cap: $69.39 billion (USD)
P/E Ratio TTM: 6.285
Dividend Yield: N/A
52-Week Range: $168.30 - $234.01 (USD)
Newmont Mining (NEM):
Stock Price: $53.39 (USD)
Trading Volume: 8.67 million shares
Market Cap: $61.26 billion (USD)
P/E Ratio TTM: -27.519
Dividend Yield: 2.15%
52-Week Range: $29.42 - $53.88 (USD)
Please note that these stock quotes are based on the latest available data and may change throughout the trading day.
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Great article, would you like to share it?