Category: Market Analysis
XAU Price Remains Bullish Despite Abramovich Sell-off and China’s Weak Demand, Gold Loans Pop Off in India
Numerous developments are taking place behind the scenes of the gold industry What would otherwise have had a bearish effect on the market is now …
Those who have kept a close eye on the market will not be too surprised with the current gold price trend. It was merely a …
Contrary to most other assets and commodities, precious metals have performed rather well. Their demand has not decreased by much, as is evident from Russia’s sales alone.
Pumping more helicopter money into the European economy is not a long-term solution It will drive more people to precious metals and cryptocurrencies.
The situation in India is rather unique, especially when comparing it to China. In that part of the world, gold is being sold at a discount, instead of a premium.
It is very likely that most will simply hold onto their gold in search of even higher values. There is no real reason for anyone to take profit right now.
Silver has a leg up over gold, as it has a much higher demand from industrial uses. That alone can easily elevate the silver price to $19 and higher in the weeks to come.
This trend affecting mining stocks is not tied to one or two companies either. All of the companies involved in mining precious metals have seen a significant boost since March of 2020
Reaching a value of $1,800 per gold ounce as a stable level is merely a matter of time. A new all-time high is still within reach in the next 18-36 months.
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