Earlier on today, the ECB announced the latest interest rates decision. In line with expectations they cut rates across the board by 25 basis points. At the time of writing gold is at record highs against the Euro. Across the pond it is within touching distance of $2,700 on the bank of US jobless claims data.
I am writing this to you on the way back from Miami where I have been for the 2024 London Bullion Market Association Conference. The sentiment towards gold and silver was a positive one amongst LBMA members.
You may have been looking at the sideways movement in the gold price of late and wondering if or when it will go higher.
There is still plenty of support and prices are not yet close to peaking. And there is silver to think about as well: In the LBMA’s annual delegate survey it was silver that has the majority of LBMA delegates excited for 2025. 45% of attendees expect silver to outperform the other precious metals, meanwhile, 37% believe gold will be the top asset in the sector.
A compilation for you today, from some of our most-watched guests. With the gold price trading sideways over the last few weeks, it’s always handy to have a refresher as to why we hold onto gold and where it’s headed to next.
From $3,000 gold by the end of the year, to why someone is buying silver instead.
Until Summer 2023 he was the Director of Marketing and Communications, responsible for all marketing and communications strategies and branding.
David joined GoldCore in 2008 as Director of Business Development and later took over as Director of Marketing and Communications in 2020.
Prior to this Dave managed and operated his own Marketing Agency and completed multiple coaching qualifications.
"Working for GoldCore gives you a fantastic lens through which to view global financial and geopolitical developments. I am very proud to be part of a company that contributes to increasing investors understanding of these developments."
When he’s not at work, David is passionate about sailing and has completed the ‘Round Ireland Yacht Race’ twice.
