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Bank Of America Expects Declining Silver Inventories To 'Make The Deficits Count' https://zurl.co/U7aR #Gold #Silver #WealthPreservation #AlbertaGold #TorontoBullion #BullionInvestment #SafeHavenInvesting #StoreOfValueAssets

Amid increasing market volatility and economic uncertainty, gold and silver have reached new record highs. As investors seek safe-haven assets, the demand for these precious metals continues to rise, driving their prices to unprecedented levels. Read more at: https://lnkd.in/egSHngkg #Gold #Silver #Investment #Commodities #MarketVolatility #EconomicUncertainty #PreciousMetals #Finance #GlobalEconomy #Euronews Source: Euronews

Over the past week, gold has surged to a new record near USD 2,740, marking a year-on-year increase of nearly 40%. Silver has following a significant breakout on Friday when it closed above previous resistance at USD 32.50 jumped to a 50% year-on-year gain. Throughout the year, we have extensively discussed why 2024 would be pivotal for investment metals. While this recent rally has exceeded expectations, several factors continue to support the upward trend, despite emerging challenges as the dollar and bond yields strenghten. One being a hedge against a potential 'Red Sweep,' at the November 5 elections where one political party controls both the White House and Congress. This scenario raises concerns about excessive government spending, pushing the debt-to-GDP ratio higher, while fueling inflation fears. 

Copper Prices Surge: Analysts at major financial institutions like Bank of America have recently revised their price forecasts for copper upwards, reflecting a robust demand forecast for 2024. #CopperPrices #MarketTrends #FinancialForecast #DemandSurge #EconomicOutlook #BankOfAmerica #Commodities #InvestmentNews #CopperMarket #PriceForecast #StrongDemand #TSXV #VMS

Via Euronews: Gold and silver prices surge to new records as haven demand mounts https://lnkd.in/eiaw4ppt Precious metals, particularly gold and silver, surged to new record highs as demand for safe havens increased due to global economic uncertainties, the ongoing conflict in the Middle East, and a tight race in the US elections. Meanwhile, major central banks worldwide have largely begun easing monetary policy and cutting interest rates, with gold responding strongly to decisions by the US's Federal Reserve. On Monday, the People's Bank of China (PBOC) cut its benchmark mortgage rates by more than expected in a bid to boost the economy, driving commodity prices, including gold and silver, higher.

Factors Driving the Continued Rise in Gold Prices The upward trend in gold prices remains strong due to several factors. Geopolitical tensions and uncertainty have increased safe-haven demand for gold. Additionally, after two Fed rate cuts, two more are expected by year-end, with a 94% chance of a one-point cut next, according to FedWatch. Although US Treasury yields have risen recently, they show signs of peaking, supporting gold's upward movement. Increased gold reserves by central banks, including those of Mexico, Mongolia, and the Czech Republic, also contribute to gold's strength. Upcoming US retail sales, industrial production, and unemployment data will further impact the gold market. =================================== About Hantec Financial: https://bit.ly/478OQPo #HantecFinancial #Hantec #Hantecgroup #Fintec #marketnews #financenews

The current pricing of American rate of interest drops remains to put pressure on the price of gold and silver price trends. Depressing interest for the once-hot assets. According https://lnkd.in/dtAivfgi

The current pricing of American rate of interest drops remains to put pressure on the price of gold and silver price trends. Depressing interest for the once-hot assets. According https://lnkd.in/dVUdzjvG

Factors Driving the Continued Rise in Gold Prices The upward trend in gold prices remains strong due to several factors. Geopolitical tensions and uncertainty have increased safe-haven demand for gold. Additionally, after two Fed rate cuts, two more are expected by year-end, with a 94% chance of a one-point cut next, according to FedWatch. Although US Treasury yields have risen recently, they show signs of peaking, supporting gold's upward movement. Increased gold reserves by central banks, including those of Mexico, Mongolia, and the Czech Republic, also contribute to gold's strength. Upcoming US retail sales, industrial production, and unemployment data will further impact the gold market. =================================== About Hantec Financial: https://bit.ly/3XVuUyf #HantecFinancial #Hantec #Hantecgroup #Fintec #marketnews #financenews

Goldman Sachs Predicts Gold Prices to Reach $3,000 by 2025 Due to Central Bank Demand and Fed Rate Cuts Goldman Sachs is forecasted to continue its optimistic outlook for gold prices, expecting the precious metal to reach $3,000 per ounce by the end of 2025. This prediction is largely attributed to increased central bank demand and the likelihood of Federal Reserve interest rate cuts. Key Factors Driving the Forecast: 1. Central Bank Demand: Central banks, particularly in emerging markets, are expected to continue purchasing gold, driven by concerns over financial sanctions and geopolitical risks. This surge in demand has reset the relationship between gold prices and interest rates since 2022. 2. Federal Reserve Rate Cuts: Goldman Sachs analysts believe that potential rate cuts by the Federal Reserve will further boost gold prices, especially as Western investors return to the gold market as a hedge against geopolitical and financial risks. 3. Geopolitical Risks: The banking firm also expects gold to benefit from speculative positioning and increased appeal due to escalating trade tensions and concerns over the sustainability of US fiscal policies. In summary, Goldman Sachs’ optimism about gold prices is rooted in the rising demand from central banks and potential monetary policy shifts by the Federal Reserve, making the precious metal an attractive investment for long-term protection against various economic and political uncertainties.