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What will it take to reverse this trend in the general marketplace? Ironically enough, according to many analysts, lower prices. The common piece of advice from most analysts has been not to chase the market but to buy on dips, which in itself has become a problem as gold has so far seen a relatively narrow retracement.
Heading into the weekend, markets see a roughly 50/50 chance of a June rate cut. This is down significantly compared to last week when markets saw an 80% chance of a rate cut. U.S. monetary policy has become less of a factor for gold and silver prices as geopolitical uncertainty, global economic weakness, and central bank demand have provided solid support for the precious metal.
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Source: KitcoNewsNOW - 🏆 13. / 78 Read more »
Source: KitcoNewsNOW - 🏆 13. / 78 Read more »
Source: KitcoNewsNOW - 🏆 13. / 78 Read more »