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Gold & Silver Price New FOREVER Trend Starting?
In this video I talk about gold price and silver price moving higher. I talk about how gold price is at a new all time high above $2600 and how silver price is nearing an 11 year high! The FED decided to reduce interest rates by 50 basis points making this a large rate cut and the markets reacted. Initially the dollar went down and then it surged. Since then the USD has been getting weaker and is trending lowed. Gold and silver are trending higher and could stay that way for a long time. The FED has said that they are data dependent and may continue to lower rates at the next FED meeting. Is this the only thing affecting precious metals prices? NO, there are wars and fears of wars getting worse which is pushing people to the safe haven assets. Where are gold and silver going to go from here?
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