"Both precious metals are enjoying their best year in decades, with gold showing year-to-date gains of 50% and silver climbing nearly 70%. With monetary tailwinds still blowing strongly, further gains are expected in the fourth quarter and beyond, prompting experts to revise their forecasts upward repeatedly throughout the year. These include a weakening US dollar, which has declined 10% year-to-date, hefty central bank gold purchases, an uneasy geopolitical background, and a loosening Federal Reserve policy stance."
"Added to these familiar factors, there is now a growing sentiment that the US dollar is starting to lose its pre-eminence as the world's dominant reserve currency, with a number of other asset classes, including precious metals and Bitcoin, seeing heavy buying and record highs. This confluence of factors has created what many forecasters see as a perfect storm for precious metals, with both institutional and retail investors seeking safe-haven assets in an increasingly uncertain global economic landscape."
Both gold and silver have delivered their best year in decades, with gold up about 50% year-to-date and silver up nearly 70%. Monetary tailwinds remain strong, supporting expectations of further gains into the fourth quarter and beyond. Key drivers include a roughly 10% decline in the US dollar year-to-date, substantial central bank gold purchases, geopolitical unease, and a looser Federal Reserve policy stance. Growing sentiment that the US dollar may be losing reserve-currency pre-eminence has driven buying across precious metals and Bitcoin. Institutional and retail investors are increasingly seeking safe-haven assets amid heightened global economic uncertainty.
Read at London Business News | Londonlovesbusiness.com
Unable to calculate read time
Collection
[
|
...
]