silver maintains bullish bias
- Gold
- Platinum
- Silver
Gold trading above $10,000 and silver near $300 is where President of Financial Sense Wealth Management, James Puplava sees prices later this decade, according to his Big Picture Update titled: Unsustainable.
At the turn of the century, when gold was below $300, he correctly predicted the 10-year bull run in precious metals, expecting gold to reach…
Although the Federal Reserve is expected to maintain interest rates at restrictive levels through most of 2024, geopolitical uncertainty will continue to support gold prices in the next 12 months, according to sentiment during the London Bullion Market Association 2023 Global Precious Metals Conference.
According to the LBMA’s annual end-of-conference survey, conference participants said they expect…
Gold Sentiment Outlook
Global central banks have been snapping up record amounts of gold
The US dollar is drifting lower in early trade as US yields slip, but the greenback’s technical outlook remains bullish for now. All eyes now are on Friday’s US Jobs Report.
Longer-dated US Treasury yields remain elevated but have given back a few basis points today after this week’s sharp rise. The supply/demand imbalance seen in longer-dated USTs…
Rising bond yields and bullish momentum in the U.S. dollar continue to weigh on broad commodity prices; however, despite the lackluster price action, one investment bank says that emerging global economic trends mean investors should hold copper, gold and silver in their portfolio.
In a recent interview with Kitco News, Robert Minter, director of ETF Investment Strategy at abrdn, said…