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Precious Metals News

3 Reasons Goldman Says Buy Gold

Markets Insider: 3 Reasons to Pile into Gold With the Metal Poised to Rally in 2025, According to Goldman Sachs

"Gold offers significant hedging value to portfolios against geopolitical shocks including tariffs, Fed subordination risk, and debt fears."

Banks say buy gold

The Jerusalem Post - UBS, Goldman, BofA: Banks Continue to Push Gold

Commodities would be one of the best places to store value if this scenario plays out, and Woodard said that the "commodity bull is just starting."

Recession

Business Insider: A US Recession Could Hit by Election Time Unless There are Aggressive Interest-rate Cuts, Analyst Says

The employment growth rate now stands below 1% for the private sector. The last three times this occurred were in 1990, 2001, and 2007, years that either verged on or fell into a recession.

Silver Price Prediction

Investing.com: More Upside Seen for Silver Prices in Coming Months, Says UBS

UBS maintains a positive outlook on silver, advising long-term oriented investors to consider long exposure to the metal. "Industrial application demand should still expand by 50 million ounces this year, or close to 10% y/y, driven by secular demand drivers (like the energy transition.)"

Economic Crisis Ahead

MoneyWise: 'America is Long Overdue for a Problem': Jim Rogers Says Next Market Crash Will Be 'the Worst'

"Always in history, when everybody's making a lot of money, it's a time to worry, so I'm worried. I expect the next sell-off to be the worst in my lifetime because the debt has gone up by so very, very much everywhere."

gold arrows heading up and to the right atop gold bars

Barron's: Gold Is at a Record High. The Case for Even More Glittering Gains From Here.

Gold prices have shot up more than 20% this year and are now trading at a record high above $2,540 an ounce.

fingers holding a 1970 penny

Yahoo!Finance: 2024 looks reminiscent of 1970 and 2001 recession years: Piper Sandler

According to a recent analysis by Piper Sandler, the economic landscape in 2024 bears striking similarities to the recessionary periods of 1970 and 2001

older man looking distressed

CNBC: Consumer Confidence Consumer sentiment tumbles as 'recession-like' symptoms spread among Americans

Consumer sentiment in the U.S. dropped to an eight-month low in July

Recession ahead sign

Finbold: Fund manager bets $2.7 billion on imminent recession

Schutte also opined that the weak jobs report vindicates both the recessionary forecasts and his company's June bonds bet, as employment is usually the last facet of the economy to break

gold arrows heading up and to the right atop gold bars

FXStreet: Gold rises on worsening geopolitics and Fed rate cut expectations

Gold continues to edge higher as fears of an escalation of the Gaza conflict and falling interest-rate expectations support the metal

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