In this week’s episode of The Gold Spot, Scottsdale Bullion & Coin Precious Metals Advisors Todd Graf and Kathem Martin, dive into the latest surge in gold prices as they soar past the $2,500 an ounce mark—a record-breaking milestone! This jump is not just a technical achievement but a significant indicator of the strong bullish sentiment in the gold market.
Key Highlights:
• Record-Breaking Gold Prices: Gold hitting $2,500 an ounce is a game-changer. It’s the average gold price predicted for 2024, yet we still have four months left, with no signs of prices slowing down.
• The Million-Dollar Gold Bar: With gold at $2,500 an ounce, the average 400 oz gold bar that central banks typically purchase is now valued at over $1 million for the first time.
• What's driving this rally? Factors like rate cuts, geopolitical instability, increased retail demand from Chinese investors, and central bank buying as part of de-dollarization strategies.
The gold market is heating up, and more investors are jumping in. Are you prepared? Watch episode 215 of The Gold Spot to learn how to protect your assets with gold and navigate these fast-moving market trends.
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⭐ @sbcgold Precious Metals Advisors in this The Gold Spot video:
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