This week’s FOMC meeting deliberations, outcome and analysis thereof is likely to set gold and silver’s short term price patterns.
Gold American Buffalo Proof PF70-graded coins are accompanied by a one-of-a-kind certification label hand-signed by former U.S. Mint Director Ed C. Moy.
The gold price rose by around 7% in May, after a couple of weak months had set the price back well behind earlier expectations.
Over the last year, much has been said about the profit potential of Bitcoin and other cryptocurrencies...
CPM Group, which is an analytical metals consultancy and commodities research and management firm, has proven, best analysis of precious metals markets and prices available.
Precious metals prices have been performing strongly over the past few weeks and one of the reasons behind this is the fear that seemingly ever-rising inflation may force the U.S. Federal Reserve to raise interest rates rather sooner than it has so far been indicating.
The Q1 2021 Gold Demand Trends publication could thus possibly be concluded to be both positive and negative for gold.
There is evidence that real inflation may be running at up to as much as 4% or more, and if so, the Fed might be forced to take action sooner rather than later to prevent inflation levels from rising out of control.
However, if interest rates continue to be lower than the inflation rate, they are seen as effectively negative, which are, conversely, gold positive.
The past week has indeed been a momentous one here for precious metals.