The current gold price hovers around the $2,000 mark, and while it doesn't appear poised for a significant surge, community sentiment remains neutral from a technical standpoint. However, a closer examination of the moving average reveals a "Buy signal," suggesting that the asset may be at a low point, ready to rebound. Despite a resilient performance in most of 2023, gold experienced a dip to $1,800 in October, yet a micro-view of the chart indicates a steady increase since then.

In contrast, silver prices hit a two-month low on Monday due to a technical break below critical support and ongoing risk aversion towards metals tied to growth and demand. China's economic outlook, a crucial factor as the world's top consumer of metals, has contributed to this trend, with stock markets in Hong Kong and Shanghai hitting multi-year lows. On the other hand, Gold continues to draw support above $2,000, driven by expectations of rate cuts, lower inflation and sustained central bank demand. This has resulted in the gold-to-silver ratio reaching a 15-month high, emphasizing silver's relative affordability.

We bring you the latest news, insights, and analysis on gold, silver, and copper. Our videos cover a wide range of topics, including gold price, gold prediction, gold price forecast, silver price, silver price prediction, copper price, market trends, investment strategies, and industry news.

We share interviews from experts like Rick Rule, Peter Schiff, Mike Maloney, Lynette Zang, and many others. Stay up-to-date with the world of finance and make informed decisions with our expert insights. Subscribe now and never miss a video!

Credit: The Market Sniper
Prepare for Chaos: Jim Rogers on the Impending System Crash
[ Ссылка ]

#gold #goldpriceprediction #jimrogers #silver #silverprice

свернуть