Gold went on a run late last week, setting an all-time record high last Friday and breaking the $2,100 level for a brief time in overseas trading Sunday night.
The Precious Metals Week in Review – December 1st, 2023
Gold’s upward trend above $2,000 per ounce is prompting calls for a rally to a new all-time high.
The Precious Metals Week in Review – November 24th, 2023
Investors have redoubled their efforts to ensure that their portfolios are sufficiently diversified in the hopes that they will be able to withstand corrections in multiple market sectors.
The Precious Metals Week in Review – November 17th, 2023
The yellow metal rallied an incredible 7.3% last month to close at $1,983 an ounce, its strongest October since 1978 when it jumped 11.7%.
The Precious Metals Week in Review – November 10th, 2023
Many investors have redoubled their efforts to ensure that their portfolios are sufficiently diversified in the hopes that they will be able to withstand corrections in multiple market sectors.
The Precious Metals Week in Review – November 3rd, 2023
Home prices finished the summer at another record high as home affordability tanks to a historical low.
The Precious Metals Week in Review – October 27th, 2023
Analysts were warning that the gold market was ripe for a short squeeze rally as prices fell to a seven-month low earlier in the month, and they were proven right as the latest trade data from the Commodity Futures Trading Commission (CFTC) showed significant short-covering in gold and silver.
The Precious Metals Week in Review – October 20th, 2023
Investors have included physical precious metals as part of their diversification plans, given their long history as a hedge against both inflation and during times of economic turmoil.
The Precious Metals Week in Review – October 13th, 2023
Volatility should be expected to remain high as investors will be closely watching for hints on upcoming monetary policy direction.
The Precious Metals Week in Review – October 5th, 2023
The bond market’s selloff accelerated after a surge in U.S. hiring raised expectations that the Federal Reserve will need to raise interest rates again this year.