Wall Street sees gold prices challenging $2,500 next week, Main Street sentiment is more restrained

The latest Kitco News Weekly Gold Survey has the overwhelming majority of industry experts believing gold prices could reach or surpass their all-time highs, while retail traders are a little more restrained on the precious metal’s prospects. - After a relatively slow start in the first quarter, silver is making its move, significantly outpacing gold as it trades at an 11-year high.

- It has finally happened; silver is making a move and dragging precious metals higher heading into the weekend.According to analysts, the white metal is clearly in the driver’s seat as it lagged during gold’s breakout rally in the first quarter of the year. Not only has silver rallied above $31 an ounce, but the price is trading at its highest level since February 2013. July silver last traded at $31.635 an ounce, up 4.65% on the day.

Real Vision crypto analyst Jamie Coutts says the global money supply performance of the DXY, and surging debt are keys to predicting Bitcoin's next breakout.The greatest macroeconomic story ever told? How high rates and boomer spending saved America If the boomers’ spending cushion and the Fed’s medium-high rates combine to accomplish nothing other than preventing mass unemployment, this would still be among the least damaging downturns in modern history and one of the greatest macroeconomic stories ever told.Watch your margins - Joe Mazumdar identifies miners who are winning while gold is spiking

- Copper is attracting investor interest from the Middle East, noted Joe Mazumdar, editor of Exploration Insights.On Thursday Mazumdar recorded Digging Deep with Kitco correspondent Paul Harris.The Senate joined the House on Thursday in voting to overturn the SEC’s SAB 121, setting the stage for a showdown with the White House after Biden promised to veto the bill.

Finance Finance Latest News, Finance Finance Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Wall Street back on the bullish bandwagon, Main Street still doubts gold’s upside potentialThe Kitco News Team brings you the latest news, videos, analysis and opinions regarding Precious Metals, Crypto, Mining, World Markets and Global Economy.
Source: KitcoNewsNOW - 🏆 13. / 78 Read more »

Stock market today: Wall Street rises to pull S&P 500 back within 1% of its recordNEW YORK (AP) — U.S. stocks rose to pull the S&P 500 back within 1% of its record following a rough April. The index climbed 0.5% Thursday. The Dow Jones Industrial Average rose 0.8%, and the Nasdaq composite gained 0.3%.
Source: SooToday - 🏆 8. / 85 Read more »

Stock market today: Asian shares trade higher after Wall St rally takes S&P 500 near recordTOKYO (AP) — Stocks in Asia traded higher Friday after a rally on Wall Street that pulled the S&P 500 back within 1% of its record. Benchmarks rose in Tokyo,...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »