Movement away from gold after the election is thought to be temporary. Gold may benefit from the potential “chaos grenade” and other “aligned stars.”
Phil Streible, Chief Market Strategist at Blue Line Futures LLC, highlights the potential impact of this escalating conflict on the precious metals market.
Gold prices rebound over 1.6% as dollar rally pauses, with analysts watching Fed comments. Market volatility expected as year-end approaches; precious metals show resilience amid uncertainty.
Goldman Sachs Forecasts Gold to Hit Historic $3,000 Mark Amid Central Bank Buying Spree
Gold, silver drop as interest rates likely to remain elevated, dollar continues to strengthen
Renowned economist James Rickards predicts gold could soar to $23,000 per ounce. In a recent interview, he warned of a potential global financial crisis.
Gold Stumbles but Doesn't Sink After Trump Re-Election, JPMorgan Sees Staying Power
Trump’s win, crypto-friendly stance propels digital currency to all-time highs
Could the split in prices be showing signs of a weakening economy?
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.
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