Gold has surged 35% this year, driven by geopolitical conflicts, Federal Reserve actions, and strong central bank demand amidst U.S. political uncertainties. Meanwhile, the U.S. economy grew at 2.8% in Q3, lower than expected, while consumer confidence rose significantly. Job openings fell, reflecting a cooling labor market, and concerns over electric vehicle sales persist.
Gold is considered a unique asset due to its enduring value, historical significance, and application in various technologies like computers, spacecraft, and communications equipment.
1. The gold market remains under pressure but continues to hold support above $2,150 an ounce even as the U.S. housing sector shows some signs of stabilization as construction of new homes picks up. However, gold surged above $2,200 an ounce this week for the first time as investors grew more confident about the Federal…
1. US Secretary of State Antony Blinken is said to be considering a meeting with Wang Yi, China’s top diplomat, at a security conference later this week. It would be their first face-to-face talk since Beijing ignited an international uproar with an alleged spy balloon lazily moving across the whole US mainland, triggering a spike…
As businesses reopen and demand for goods and services regains momentum, many investors continue purchasing physical precious metals to shield their portfolios from inflation.
Joseph Kennedy decided that, when even shoeshine boys are offering stock tips, it’s time to get out of the market.
Given silver’s historical volatility, a question dawned on me: could silver log a similar runaway price advance in the not-too-distant future?
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