Commodities Analysis by Stewart Thomson covering: XAU/USD, XAG/USD, Gold Futures, Silver Futures. Read Stewart Thomson's latest article on Investing.com
The fundamentals? Well, inflation is close to the Fed’s 2% target zone and global growth is fading. The Fed is becoming slightly more dovish.
Back in 2015, many amateur gold investors got overly obsessed with predicting the price as gold dipped towards $1000… and they bought nothing. Some even sold. By switching from fiat to gold and charging a tiny fee on all movement of digital “US gold currency”, all other taxes could be eliminated. Currency sanctions would be banned, and nations would rush to embrace the US gold currency for trade. Three billion citizens of China and India would embrace it for savings too.
What about silver? There was a lot of excitement amongst silver analysts about the supposed “breakout” over $30… when the focus should have been preparing to buy a veritable truckload of it if gold trades down to $2150-$1985.
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