Today we will explore the possibility of Gold prices hitting new all-time highs in the coming days.
Hotter-than-expected producer prices weren’t able to cool down the gold market. Prices look to end their second week above $2,400 an ounce, with analysts looking for a potential move to a fresh all-time high.
Gold prices ended the week in neutral territory compared to last week; however, they remain down nearly 1% from their all-time highs.
While Friday’s Producer Price Index did take some momentum away from gold, the precious metal was able to hold critical support at $2,400 an ounce. For some analysts, this is a strong indication that gold’s consolidation phase is coming to an end.
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Disclaimer: Minute Man 6's video's typically consist of conversations surrounding education regarding and the acquisition of, but not limited to the following: silver, silver spot price, gold, gold spot price, platinum, silver coins, generic silver rounds, collectible silver rounds, fractional gold coins, pre-33 gold coins, ancient coins, American Silver Eagles, Perth Mint Coins, Mexican Silver Libertads, Fractional Libertads, Proof Libertads, Mexican silver Onzas, junk aka constitutional silver, silver bars, vintage silver rounds, platinum, vintage silver bars, Morgan Dollars, Peace Dollars, paper currency, numismatics and coin collecting in general, history, silver spot price, gold spot price, coin shops, coin dealers, coin shop videos, how to sell silver, how to sell gold, and more. Please understand that although the conversation frequently touches on the state of the economy and how it affects the accumulation of precious metals (stacking), Minute Man 6 is no way a financial advisor. You the viewer is ultimately responsible for making your own decisions.
6 сен 2024
