Gold’s 2024 price ceiling is now the floor, silver is approaching ‘sweet spot’ for investors – MKS Pamp
– The first quarter of 2024 was all about gold, according to an updated outlook from MKS Pamp. “We were not bullish enough Gold in Q1’24 and were too bullish Silver and Platinum,” the analysts said, “but the relative outperformance between Gold and the white metals should compress in Q2’24 & Q3’24.” - The gold market is under pressure testing initial support at $2,300 an ounce as the U.S. labor market remains red hot.U.S.
As gold set another record high, Canadian mining legends Frank Giustra, CEO of Fiore Group, and Pierre Lassonde, Chairman Emeritus at Franco-Nevada, say the West has lost its power to set the price of gold. Giustra and Lassonde also warn that in the new geopolitical reality of resource nationalism, Canada is failing its economy and citizens.
- In today’s jam-packed Game Plan, Gareth Soloway will offer viewers a market update and review key charts and data sets across the markets. - Despite a multi-month high in the U.S. dollar and rising Treasury yields, Gold Futures posted an all-time high at $2238 at the end of Q1. This significant event has shifted risk to the upside in the precious metals complex. - Throughout the early months of 2024, the BRICS has been gaining a great deal of attention, first and foremost, by doubling in size.
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