Gold surges $134 as short sellers retreat, marking a mini squeeze in market. Open interest drops by 43,000 contracts as price breaks above key technical levels, signaling a bottom.
Analyst: Central bank buying remains strong and is bolstered by ETF inflows
Andy Hoese, a renowned investor, sees the recent dip in gold and silver as a prime buying opportunity.
Renowned precious metals expert David Morgan warns of a looming currency crisis. As fiat currencies weaken, gold emerges as a reliable store of value.
Precious metals market shows signs of strength as tensions increase exponentially in Eastern Europe
Gold priced in rupees gained 5.5% in October despite a slight depreciation of currency
Phil Streible cautioned that silver's failure to surpass a critical resistance level could foreshadow a downward trend.
Movement away from gold after the election is thought to be temporary. Gold may benefit from the potential “chaos grenade” and other “aligned stars.”
Expert Analysis: Nickel Price Forecast for 2025 -Will Nickel Prices Skyrocket or Crash in 2025?
Phil Streible, Chief Market Strategist at Blue Line Futures LLC, highlights the potential impact of this escalating conflict on the precious metals market.
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