Here’s Why Precious Metal Prices Will Continue To Rise Even With No Fed Rate Cuts
Put another way, macro-opportunities are everywhere and they are here in abundance! For traders, this is news to celebrate, which is why a long list of the world’s most powerful Wall Street banks have dubbed the current economic climate as “The Golden Age of Trading”.
As the famous saying goes, “buy low, sell high” – And that’s exactly the trend that we’re seeing play out right now across the Precious Metals market.
To quote analysts at GSC Commodity Intelligence – “when Precious Metals go on sale, you have to buy them because in this current economic environment prices don’t stay cheap for long.
This comes as no surprise, because once you step back and take a look at the bigger picture, fundamentally, nothing has changed.
Despite the near-term volatility, traders still remain ultra-bullish on Precious Metal prices due an ever-growing number of macro and geopolitical factors that are currently unfolding.
These include; persistent geopolitical tensions, sticker-than-expected inflation, growing demand from China as a hedge against economic instability in the world’s second-largest economy, along with rising concerns over ballooning global debt and uncontrollable government borrowing, which currently sits at record $307.4 trillion