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On January 19th, representatives of EU member states held an emergency meeting in Brussels, Belgium, on the 18th to discuss how to respond to the latest tariff threats issued by US President Trump regarding the autonomous territory of Greenland. That same day, European Council President Costa issued a statement saying that he had consulted with member states on the latest tensions in Greenland, reaffirming their unified position of support for Denmark and Greenland on principles of international law, territorial integrity, and national sovereignty. Costa stated that member states agreed that imposing tariffs would damage transatlantic relations and be inconsistent with the EU-US trade agreement. Costa also stated that the EU is "ready to defend itself from any form of coercion" and is ready to continue constructive engagement with the US on all issues of common concern. Costa said the EU will hold a special summit in the coming days. Officials indicated that the EU is considering holding the summit on January 22nd.European Commission President Ursula von der Leyen: We will always protect our strategic economic and security interests.European Commission President Ursula von der Leyen: We are firmly committed to upholding the sovereignty of Greenland and the Kingdom of Denmark.A senior Syrian official stated that the Syrian government will coordinate with companies that already hold interests in the relevant oil and gas fields to initiate development plans for these fields.A senior Syrian official said: "A team from the Syrian Ministry of Energy has been dispatched to the site to assess the large oil field and Konoko gas field in Deir ez-Zor."

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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