Trump trade pressures gold
Greetings! Donald Trump’s stunning re-election has provoked sharp moves in markets worldwide. The anticipation of tax cuts, broad tariffs, aggressive deregulation, and perhaps an end to the conflict in Ukraine, all are causing shifts in risk appetite and interest rate expectations that are affecting most asset classes. The dollar has spiked higher while US Treasury […]
Read MoreGold targets $3,000 on weak jobs
Greetings! After surging to another new all-time high of just over $2,800, gold is consolidating these latest gains ahead of the US Presidential election with $3,000 an ounce in sight. Bullion remains supported near record highs by uncertainty over the extremely close race for the US presidency and the deepening conflict in the Middle East. […]
Read MoreIs silver ready to run?
Greetings! While gold set a series of new all-time highs in August and September, silver has lagged. But in the past week, following the Fed's jumbo rate cut and China's bazooka stimulus program, silver is starting to play catch up, retesting its May high just under $32.50 an ounce. Meanwhile, global tensions are escalating, especially […]
Read MoreFed puts $3,000 gold in sight
Greetings! Last Friday, New York spot gold closed above $2,600 for the first time ever, setting a record high near $2,620 and putting $3,000 gold in sight. Gold bullion has now risen 27% this year and set new all-time highs in six of nine months. We think it's just the start. What is driving the […]
Read MoreWhy gold broke $2,500
Greetings! For the first time ever, spot gold has closed above $2,500 an ounce. The metal has now risen more than 21% this year and we think its just the start. With the economy slowing, inflation cooling, and unemployment rising, an interest rate cut from the Fed in September is increasingly expected by major markets […]
Read MoreGolds bullish perfect storm
Greetings! Spot gold rallied 4.2% in July and established a series of new all-time highs. Impressive, yes, but we think this is just the beginning. Weakness in the dollar, falling Treasury yields, record-high debt levels, stubborn inflation, increasingly volatile geopolitical conflict all are powering gold to new records. Soon the Federal Reserve will begin unwinding […]
Read MoreGold poised for new breakout!
Greetings! In this brief edition of AGE Gold Commentary, I explain why a window of opportunity exists in the market right now, one that will likely close by mid-late September. Falling inflation, GDP, employment, and retail sales all point to rate cuts from the Fed by September. They have the potential to put gold and […]
Read MoreSilver breaks out!
Greetings! Following a mild correction in early May, the historic bull market in gold and silver is resuming its charge. Gold futures surged to a new all-time high of $2,419 on Friday while silver rocketed $2 an ounce to $31.77, its highest close since 2013. In this edition of AGE Gold Commentary, Ill explain the […]
Read MoreGold eases on profit-taking
Greetings! Gold has corrected lower following its relentless surge to all-time highs a few weeks ago. As tension in the Middle East eased, so did the gold price, with traders taking short-term profits from its extraordinary rally. But while there is a current respite in global tension, it could easily flare back up at any […]
Read MoreMiddle East on the brink!
Greetings! Gold rallied to a series of new record highs last week as global investors fled to safety because of the escalating conflict between Israel and Iran. While the two nations appear to be pulling back from the brink, drawing the gold price down from recent highs, the situation remains highly explosive—and so does the […]
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