Ernest Hoffman, Author at AGD Global

Gold supply and price are extremely resistant to depletion or potential manipulation by miners – World Gold Council

Ernest Hoffman — Thu, 12 Mar 2026 16:12:49 +0000

(Kitco News) – While precious metals investors might worry about depleting gold mines or massive new discoveries impacting supply, and the potential for collusion among gold miners to control prices, there are a number of very good reasons why none of these scenarios will actually come to pass, according to the World Gold Council (WGC).

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Spot gold trades at $5,174/oz after U.S. weekly jobless claims hold at 213k

Ernest Hoffman — Thu, 12 Mar 2026 12:39:27 +0000

(Kitco News) – Gold prices were erasing their earlier losses on Thursday morning following the release of in-line labor market data after the number of Americans filing new claims for unemployment benefits was slightly lower than economists’ forecasts.

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Antalpha moves to take $100 million profit on massive Tether Gold bet as demand for digital bullion continues to rise

Ernest Hoffman — Wed, 11 Mar 2026 20:22:41 +0000

(Kitco News) – Fintech company Antalpha, which bet big on gold last year when they entered a massive position in Tether Gold (XAUt), appears to be ready to lock in its nine-figure profit windfall on the yellow metal.Back in September, the firm purchased $241 million worth of XAUt, representing 1.8 tonnes of physical gold, at an average price of $3,693 per ounce. After gold prices skyrocketed in late 2025 and early 2026, the position has now gained over $100 million in unrealized profit.

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As high gold prices become the baseline, mining equities are poised to outperform in 2026 – VanEck’s Casanova

Ernest Hoffman — Wed, 11 Mar 2026 15:27:05 +0000

(Kitco News) – As gold prices continue to trade near all-time highs above $5,000 per ounce, miners are generating record margins and free cash flow, and with all-in costs below $2,000 per ounce, the sector is positioned to outperform once again this year, according to Imaru Casanova, Portfolio Manager, Gold and Precious Metals at VanEck.

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BlackRock sees further gains for both gold and silver

Ernest Hoffman — Tue, 10 Mar 2026 18:52:29 +0000

(Kitco News) – Precious metals have seen unheard-of gains in recent months, and even though they have entered a far more volatile phase of their cycle, the bull market is far from over, according to Kristy Akullian, Head of iShares Investment Strategy for the Americas at BlackRock.“After a record run – and a sharp decline – where do precious metals go from here? And how do they fit into investor portfolios?” she asked rhetorically.

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BlackRock sees further gains for both gold and silver

Ernest Hoffman — Tue, 10 Mar 2026 18:52:29 +0000

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Gold’s geopolitical premium is largely priced in, but watch Fed independence – StoneX’s O’Connell

Ernest Hoffman — Tue, 10 Mar 2026 15:01:47 +0000

(Kitco News) – The multi-year gold rally is being driven more by structural uncertainty than inflation, but much of the geopolitical premium from the Iran war may already be priced in, and the biggest uncertainty for gold is now Fed independence, according to StoneX.Speaking on a recent StoneX panel, Rhona O’Connell was asked about the likely direction of gold prices in the current geopolitical environment.

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Gold’s geopolitical premium is largely priced in, but watch Fed independence – StoneX’s O’Connell

Ernest Hoffman — Tue, 10 Mar 2026 15:01:47 +0000

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China’s central bank buys gold for 16th month straight in February despite near-record prices

Ernest Hoffman — Mon, 09 Mar 2026 21:09:16 +0000

(Kitco News) – China’s central bank added gold to its reserves for the 16th consecutive month in February, even as escalating geopolitical tensions kept the price of bullion not far from January’s all-time highs.The People’s Bank of China added 30,000 ounces of gold to its reserves last month, bringing its total gold holdings to 74.2 million ounces of gold as of the end of February, valued at approximately $387.6 billion, according to the State Administration of Foreign Exchange (SAFE).

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Gold’s fade shows investors ‘not fully positioned for a prolonged stagflationary impulse’ – BNY’s Savage

Ernest Hoffman — Mon, 09 Mar 2026 17:03:39 +0000

(Kitco News) – After breaking its five-week winning streak last week, investors still see gold as an essential alternative to fiat currencies but don’t see the earlier momentum, and restoring the historical correlation between oil and gold will require either significantly higher oil or lower gold prices, according to Bob Savage, head market strategist at BNY.

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