Gold (GC=F) and silver (SI=F) prices are having a summer to remember.
Inside the action: Gold prices are up a sizzling 15% this month, while silver has surged 19%. Combined, the metals have added nearly $5 trillion in market value this month, per ***** ysis from Bull Theory.
Both remain below the record high prices seen earlier this year, however.
Gold and silver prices are being fueled by a potent combination of monetary policy interventions, escalating geopolitical friction in the Middle East, and persistent global inflation.
A major catalyst for the late-August breakout has been the US Treasury's unexpected decision to double its long-term bond buyback program to $4 billion per session. In turn, this has triggered an aggressive wave of short-covering and speculative buying across precious metals markets.
#prices #middle
Inside the action: Gold prices are up a sizzling 15% this month, while silver has surged 19%. Combined, the metals have added nearly $5 trillion in market value this month, per ***** ysis from Bull Theory.
Both remain below the record high prices seen earlier this year, however.
Gold and silver prices are being fueled by a potent combination of monetary policy interventions, escalating geopolitical friction in the Middle East, and persistent global inflation.
A major catalyst for the late-August breakout has been the US Treasury's unexpected decision to double its long-term bond buyback program to $4 billion per session. In turn, this has triggered an aggressive wave of short-covering and speculative buying across precious metals markets.
#prices #middle
22 days ago
