Country announces plans to use oil revenue windfall to purchase large amount of gold this month
Despite weak US PMI, gold and silver see significant drops, with gold down 0.50% and silver 2%.
Gold dips below $2,500 as China's slowdown and upcoming Fed and jobs data spark market uncertainty. Can the precious metal recover?
Speculators that buy gold, silver at the Fed’s first rate cut have performed spectacularly in unwinding economies
“The primacy of the dollar is the tired old wallpaper of the world monetary system.” - James Grant
Gold falls below $2,500 support, with silver sliding under $29. Strong U.S. data fuels bearish sentiment in precious metals.
Robust U.S. data, highlighted by Chicago PMI and Core PCE, strengthens the dollar, pressuring gold and silver prices.
Gold prices rebound as U.S. GDP exceeds expectations, while a 5.5% drop in pending home sales pressures the market. Silver rises, bolstered by Vizsla’s high-grade discovery.
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