Gold Stumbles but Doesn't Sink After Trump Re-Election, JPMorgan Sees Staying Power
Phil Streible, a seasoned expert in the precious metals field, offered a detailed analysis of the factors driving the current market trends in a recent Metal Minute video.
In a recent "Metals Minute" commentary by Blue Line Futures LLC, precious metals expert Phil Streible highlighted a decline in both gold and silver prices overnight.
Could the split in prices be showing signs of a weakening economy?
Russia's gold reserves exceed $200 billion for the 1st time. The share of gold in the country's international reserves is now at 32.9%.
Gold's current bull market has lasted 105 weeks with a 64% return, well below the historical average of 250%. Given past trends, gold prices may have more room to rise as uncertainties persist.
Russia Boosts Daily Currency Purchases by 35.5% to Over $54M, Finance Minister Says "We're Seizing the Opportunity to Bolster Reserves"
In the wake of the recent US election, the precious metals market experienced a period of volatility.
Gold prices dropped more than $80 an ounce, or 3%, to $2,670 Wednesday morning on news that Republican candidate and former U.S. President Donald Trump will become the 47th President of the United St
Phil Streible, a seasoned market analyst, offers a bearish outlook on precious metals due to the strengthening dollar and rising Treasury yields.
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