Costa shared his bullish outlook for precious metals, particularly gold and silver. He believes that the US dollar is overvalued and that it is poised for a significant decline.
UBS is bullish on gold in 2025, citing lower interest rates, geopolitical risks, and a strong dollar as potential drivers of investor and central bank buying.
President-elect suggests 100% tariffs for any country seeking to undermine the U.S. dollar
In his campaign, Trump promised he would make it costly for countries to move away from the US dollar, and has threatened to use tariffs to ensure they complied.
Costa believes that a potential global monetary reset, coupled with a weakening US dollar and rising inflation, could significantly boost the value of these precious metals
Trump 2.0 may shift the U.S. to manufacturing, weaken the dollar, embrace protectionism, and rely on gold as trust in bonds erodes, reshaping global trade and economic priorities.
Strategist says gold’s weakened performance could be traders participating in ‘crypto frenzy’ since Trump’s election
Economists are seeing a new U.S. dollar decline factor that could account for gold's recent surge – and they don’t see it stopping soon.
Overseas gold prices show smaller losses after Donald Trump wins U.S. presidency
The BRICS alliance has been increasingly releasing anti-U.S. dollar rhetoric that appears to be a coordinated effort by the economic block to dethrone the dollar as the world’s reserve.