An important change has unfolded in the global gold market. The East has been driving up the gold price, predominantly in late 2022 and the first months of 2023, breaking the West’s long-standing pricing power.
The Precious Metals Week in Review – August 25th, 2023
Stronger-than-expected economic data has forced some on Wall Street to push back, or even remove calls for a recession once widely considered a sure thing.
The Precious Metals Week in Review – July 28th, 2023
JPMorgan Chase sees an opportunity in gold ahead of a likely U.S. recession, predicting prices will push past $2,000 an ounce by year-end and hit fresh records in 2024 as interest rates start to fall.
Here Come the Institutional Investors—How This Shift Could Overwhelm the Gold Industry
The gold industry is so tiny compared to the amount of cash held by institutional investors that it would easily and completely overwhelm it. Gold prices could ignite from this catalyst alone.
Is Clark Kent Transforming into Superman? The Buildup in Gold Trading Volumes
Is Clark Kent Transforming into Superman? The Buildup in Gold Trading Volumes.
An article by Jeff Thomas.