Gold consolidated above the psychologically important $2,400 level, on the back of markets starting to price in a interest rate cut in the US for September.
We can debate whether or not price inflation is really dead, however, this CPI report creates the impression that it's time to start performing last rights.
Moriarty talks about gold's recent rise toward an all-time high and cites recent news about BRICS adopting a gold-backed currency, noting attacks on the dollar and global instability.
Given supply-demand dynamics and historical prices, Maharrey suggests platinum as a speculative addition to gold and silver. Rising demand and supply deficits may boost returns soon.
It's notable that markets only react to the initial numbers. You never see a gold rally because the BLS erased a bunch of jobs from the economy with a few clicks of its calculator.
Understand the gold wholesale market by knowing its key parts: swaps, leases, and forwards. This article explores these elements and their interactions to help evaluate market trends.
Casey: "Own gold, which will profit from inflation, as people try to get out of the dollar and get into something that has a physical reality in and of itself."
Murphy noted silver's resilience below $30 for years despite efforts to suppress it. Recently surpassing this mark, attempts to lower it have proven unsuccessful.
