Gold and Silver Alert: Market Turmoil May Unlock Historic Buying Opportunity
Published: Monday, 15 April 2024 09:30 | 
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Following the recent attacks by Iran on Israel, significant market volatility is expected, as described by Peter Spina of GoldSeek.com. The heightened geopolitical tensions may lead to a "liquidity event" in financial markets, potentially causing a selloff in stocks that could spill over to precious metals. This scenario could present a unique buying opportunity for investors in gold and silver. The underlying fear and the addition of a 'fear-war premium' to gold prices suggest that precious metals, along with oil, could see strong market openings and sustained buying interest, barring any sudden changes in the current situation.
Gold Prices Ease After Record Surge Amid Middle East Strife
Published: Monday, 15 April 2024 09:22 | |
| After soaring to an unprecedented high, gold prices moderated on Monday, reflecting a cautious recalibration in the market following a spike driven by escalating Middle East conflicts. Spot gold inched up slightly by 0.3% to $2,349.67 per ounce, pulling back from Friday's record-setting peak of $2,431.29, catalyzed by anticipations of an Iranian counterstrike. Meanwhile, U.S. gold futures mirrored this tepid sentiment with a slight decrease of 0.3%, settling at $2,366.10. The heightened tensions saw Iran executing a bold aerial assault on Israel, using drones and missiles as retribution for an alleged Israeli attack on its consulate. This geopolitical turmoil underscores gold's status as a refuge for investors during times of international uncertainty.
Iran’s Strike Against Israel: Gold Nears Record High
Published: Monday, 15 April 2024 09:02 | |
| Gold rose last week as geopolitical tensions flared with Iran's attack on Israel, hinting at a volatile climb before slipping back below last week's record highs. The conflict's escalation initially pushed investors towards the safety of gold, driving prices up 1.2% as they braced for further unrest. However, despite the significant increase in hostilities, the surge was short-lived. Technical signals suggested the rally was overstretched, prompting a round of sell-offs that pulled gold prices down from their peak. Although the precious metal breached the $2,400 mark, it settled lower as the market digested the potential impacts of ongoing tensions in the Middle East. Investors remain on edge, watching closely for any further developments that might reignite the rush to this traditional safe haven.
Dollar Rises as Geopolitical Tensions Mount; Oil Prices Climb Amid Middle East Concerns
Published: Friday, 12 April 2024 03:41 | |
| The U.S. dollar strengthened and oil prices rose amid escalating geopolitical tensions and uncertainties around interest rate strategies between the U.S. and Europe. On Wall Street, major indices fell, influenced by disappointing earnings from leading banks as the first-quarter earnings season began. Additionally, global stock markets were affected, with the MSCI's global index dropping 1.23%. Concerns about potential retaliation from Iran following an airstrike on its embassy in Damascus, which it attributed to Israel, also weighed heavily on market sentiments.
SILVER ALERT: Could This Mexican Law Change Cause a Supply Crunch?
Published: Friday, 12 April 2024 02:36 | |
| In this enlightening video, join our host Mike Maloney and esteemed guest Lobo Tiggre from Independent Speculator.com