Gold prices dropped more than $80 an ounce, or 3%, to $2,670 Wednesday morning on news that Republican candidate and former U.S. President Donald Trump will become the 47th President of the United St
Phil Streible, a seasoned market analyst, offers a bearish outlook on precious metals due to the strengthening dollar and rising Treasury yields.
Silver drops 5%, gold 3% as Trump wins election, sparking a broader commodities slide. A spike in 10-year yields and stronger dollar shift investors from metals to higher-yield assets.
Phil Streible, a seasoned market analyst, has ignited excitement among precious metals investors with his bullish outlook on silver.
At the last FOMC meeting, gold soared after the Federal Reserve announced a half-point interest rate cut
With one of the most highly anticipated and high-stakes presidential elections just days away, precious metals investors are eager to understand what it could mean for their portfolios.
Gold prices hit a record high yesterday, fueled by a weakening US dollar and rising inflation.
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