Her concern is how best to protect the international status of the US dollar as US financial sanctions have pushed more countries to seek alternative financial transaction methods that do not involve the US. China and other countries are actively promoting local currency settlements and multilateral cooperation, offering more choices and possibilities for the global […]
Silver can and will hit $50 an Ounce. If silver trades above its secular breakout level of $28.80 by August 19th, 2024, silver might reach $50 still in 2024. This article provides insights into the conditions for silver to hit $50. In sum, we expect the big silver run to start in 2024 and move to $50
Will Silver Ever Hit $50 An Ounce? Here Is The Answer And Must-See Charts Read More »
On July 3rd, Citi analysts introduced a model for understanding and predicting gold prices, aiming to revitalize investment in this asset with a comprehensive, regime-independent approach. The model explains annual gold price movements over the past 55 years and quarterly changes over the past 25 years, identifying key price drivers. Citi’s model highlights that investment
$3K Gold? Banks’ 2024 Gold Price Forecasts Surge Read More »
Citi analysts have introduced a framework for understanding and forecasting gold prices. Central to Citi’s framework is the idea that investment demand, from both private and public sectors, as a share of gold mine supply, is the primary driver of gold pricing. Citi forecasts that gold investment demand will continue to rise, potentially absorbing almost
Citi: $2,700 – $3,000 by 2025 – Gold Investment Demand to Rise Read More »
“There’s a clear path for gold to outperform from here, likely fueled by Western flows.” Year-to-date gold prices are up roughly 12%; the yellow metal is one of the best-performing assets in global financial markets, Artigas said. Artigas noted that gold has been able to withstand these traditional headwinds due to robust retail demand in
The Gold Market is Well-Positioned for the Second Half of 2024 – World Gold Council Read More »
Excessive government spending in the US and geopolitical uncertainty are underpinning calls from some investor heavyweights to buy gold as a hedge against sovereign debt risks. Gold offers better optionality than Treasuries: Schroders CIO Gold could rally to $2,700 per ounce next year: UBS GWM CIO (Bloomberg) — Excessive government spending in the US and
Schroders, UBS Global Wealth Push Gold as Key Haven This Year Read More »
Silver is a dual investment vehicle, providing protection as a safe-haven asset while its special properties enable industrial applications in thousands of products, providing benefits not found in other assets. Silver is a Safe-Haven Asset Silver, like gold, is considered a safe-haven asset because its value tends to increase significantly during times of inflation, economic
Silver is a Dual Investment Read More »
To recap the physical silver market for 2023, it experienced a modest 7% year-over-year increase. However, the market overall remained relatively flat, unable to surpass the $25 price resistance level. This was disappointing to many, especially given the strong physical market conditions for silver and the 20% rise in gold, which reached new record highs.
Silver’s 2024 Outlook Read More »
As central banks look to diversify away from the U.S. dollar, the participants said that “interest rate levels,” “inflation concerns,” and “geopolitical instability” continue to be the leading factors in central bankers’ reserve management decisions, relatively in line with the responses last year. According to the survey, central banks are motivated to hold gold because
“If the Biden administration were intentionally trying to destroy the dollar, I’m not sure what they’d do differently,” E.J. Antoni. Russia’s continued pullback from the dollar is just the latest example of U.S. adversaries growing opposition to the current world reserve currency, and if the dollar is ever widely abandoned around the world, it could
Biden Has Used The Dollar As A Hammer, And Americans Might Be The Ones To Take The Blow Read More »
