Gold news

 [Music] you will see the precious metals move as a consequence of the fear buyer coming into the gold market after the Gold is moved after momentum has been established by the fear buyer if passed as prologue you will see silver move further and much much faster all I can say about when is you'll know it when it happens welcome to Silver News Daily your ultimate destination for all things precious metals if you're passionate about the glimmer of silver and the world of precious metals you're

in the right place by hitting that magical subscribe button you're joining a community of like-minded thinkers who see the potential of silver and precious metals shaping the future buckle up because we're diving head first into the latest news and updates hey there my friend welcome back to Silver News Daily and have I got some exhilarating updates for you today so get comfy because you're going to want to hear this gold and silver our two favorite metals have been making some remarkable moves lately especially right

here in the UK remember those prices from March before that banking crisis ignited the latest rally well golf has been dancing with those numbers again just last week gold flirted with a price of 1885.40 an ounce and guess what thanks to all those student investors who knew when to buy on the dip this morning our golden friend vaulted over the 1 900 Mark and let's not even star on its performance in GBP just over a week ago it took a slight dip below 1 500 pounds but hold on to your seats because it

surged back above that climbing over one percent in just the past day but hey if you thought that was impressive Silver's comeback story is even more thrilling it's bolted up by more than five percent in pounds this past week we saw a touchdown to 17 0.56 pounds an ounce a week ago but now it's confidently trading at 18.77 pounds I could almost see that grin on your face now of course the financial world isn't just about precious metals right we've got others stay in the broader

context this morning we got some fresh data on UK's PMI figures and well looking at Tad bleep for UK manufacturing both the services and Manufacturing sectors seem to have stumbled a bit perhaps influenced by the Sky High UK interest rates but don't you worry even when there's a storm there's a silver lying as the pound takes a bit of a dip it's given our beloved medals especially when priced in GBP quite the Boost I'm excited to tell you more about that and oh before we move on have you

heard about what's happening over in the Eurozone well keep listening because it's all intertwined and is setting up quite the scene for the rest of our conversation today things are heating up and I promise by the end of this you'll be looking at your gold and silver investments with a whole new perspective stay with me all right let's dive deeper okay my friend let's keep ball rolling let's Venture across the pond and see what's been stirring in the markets so remember when I said the world of

precious metals doesn't exist in a vacuum well Global events can influence the price dynamics of gold and silver and the eurozone's recent p i figures are a testament to that the Eurozone has been facing some challenges similar to our own both their services and Manufacturing sectors have shown signs of contraction mirroring What's Happening Here in the UK can you believe that their services have slumped to their lowest since November 2020. time sure flies in the markets do keep us on

our toes now here's something fascinating all these economic Tremors have impacted currencies the pound for instance has been on a roller coaster losing more than a cent against the dollar today alone yesterday it was confidently standing at 1.27989 but today it's descended to about 1.26419 these ships might sound minute but in the grand scheme of things air Monumental and what you think about the broader implications like the UK's ability to steer clear of a recession by Year's end it all starts to paint a

rather intricate picture but as always where there's uncertainty there's opportunity many countries have been navigating these tumultuous economic Seas with Rising interest rates hoping for a smooth Landing but the recent months they've revealed some vulnerabilities in several economies including and brace yourself China I've got more to spill on that later ah but I can't spill all the beans just yet just remember my friend every cloud has a silver lining and sometimes that silver

lining can be literal as we itch closer to wrapping up 2023 there are whisperings that events across the globe could further boost the Allure of gold and silver but as promised we're going to delve into that juicy bit in a little while keep those ears perked up the story unfolds so moving right along let's talk about global Powerhouse of shall we China ah the mighty dragon has been a focal point of global economic discussions for as long as we can remember recent months have exposed some

chinks in their armor there's a lot bubbling up on that side and it's crucial we keep our eyes on it not just for global politics but for our dear gold and silver China is currently facing a deflationary period yep you heard me right then there's the property bubble that seems to be on the brink of bursting now it makes it a debt crisis a weakening currency and surging unemployment rates and you've got a cocktail that's making investors everywhere sit up and take notice why does this matter to us you ask well

economic fluctuations in a giant like China can cause ripples or more like tidal waves across the global markets but economies face such challenges there's a historical trend of investors flocking towards Safe Haven assets and if history has taught us anything it's that gold and silver often wear the crown of the most sought after sanctuaries and troubled times speaking of trolled times remember when I mentioned the looming recession shadows in some parts of the world well the UK and EU aren't notably feeling the

pressure it seems they were a tad slower to hike rates compared to the US and the result the threat of recession is becoming more palpable some countries like Germany might already be feeling the pinch but wait there's a Twist the us our big brother across the Atlantic seems to be showing resilience against these higher rates oh it's going to be a grouping end to this year seeing how things pan out and you best believe this will have repercussions on our shiny metal friends but how ah more on that

soon now let's cross the pond again and Shine the spotlight on our dear Uncle Sam the US and its characteristic fashion seems to be defying many expectations despite the upheavals elsewhere they've held firms so far but the real question on everyone's lips is can the US Land This Plane smoothly after nearly two years of soaring interest rates there was hope the dream of a soft Landing in many countries however recent events have hinted at cracks forming in several economies Everyone's Watching closely if the U.S

navigates these Rough Waters without capsizing it would be a massive win for the Federal Reserve but if the U.S starts reflecting the downturn that other countries are grappling with well my fellow enthusiasts that's where things could get get very very interesting from gold and silver now I'm sure some of you are probably thinking what's the Silver Lining here see what I did there but in all seriousness if countries start diving into recessions and the US follows suit it could be a

launch pad for gold and silver think about it the final quarter of 2023 could see a rally like we've never seen before but the plot thickens we've heard rumors and Whispers In The Wind about potential supply chain issues moving on the horizon from gold and silver oh and it's not just about the skyrocketing demand we're talking transport extraction you name it if these forecasts ring true we could see gold and silver prices Skyrocket by up to 40 percent by the spring of 2024. can you imagine being

part of that rise could make many Savvy investors dance with joy alright alright I'm holding back a bit there's even more that you'll want to hear about stay with me you won't regret it speaking of dancing with joy let's chat about the recent roller coaster we've seen this September as we often witnessed September brings about its own volatility in the money markets 2023 is proving to be no exception just a short while ago gold and silver were enjoying a nice sunny spell racking up solid

gains but as with any British summer there was an Abrupt halt the U.S threw in a curveball with stronger than expected job and Manufacturing numbers oh the U.S economy and its surprises peaking at an impressive 1953 dollars per ounce gold took a slight dip coming down by 1.8 percent to 1918 and silver well after enjoying a high of 25.37 it saw a sharper drop settling at 23.08 now I know what you're thinking why are we seeing these fluctuations it's a dance of numbers my friends with the ongoing strength of the

US economy there's heaps of speculation on future interest rate hikes everyone's got their eyes on the federal reserve's next move now volatility isn't always a bad thing these price swings might present golden opportunities for Savvy investors to buy especially if they're prepping for the next big rise in metal prices and trust me the signs are there in the upcoming weeks there are some crucial markers to watch these can impact not just financial markets but more importantly for us the precious

metal prices together they can bring about the price volatility we're all eagerly waiting for do I have your attention good because the upcoming sections are not to be missed we've got more nuggets of information to share whew as we wrap up today's session let's revisit some of our golden highlights and delve a bit more into the heart of the matter the price of gold the Journey of gold and silver has been nothing short of a roller coaster from their significant bounce back in prices both

the U.S and the UK to the resilience shown against Market fluctuations remember when Golds need past 1 500 pounds in the UK or when silver showcased a commendable recovery with the current global economic landscape it's not too far-fetched to believe that gold could be on its way to a mature rise between the US dollar Index UK's economic uncertainties and China's economic challenges the foundation is being laid for gold and silver to potentially we shine even brighter now here's where it gets interesting with

all the information and patterns we've been seeing I'm going to make a bold claim it's entirely plausible we might see gold hitting ten thousand dollars per ounce of foreseeable future before you fall off your chair hear me out with the colonies worldwide showing cracks from China's deflation and property bubble concerns uncertainties UK and EU interest rate movements there's a massive window of opportunity for gold to capitalize on these economic vulnerabilities historically whatever

there's been economic uncertainty goal has always been the safe haven add to that potential supply chain issues which might come into play increasing the demand Supply Gap and you've got The Perfect Storm for skyrocketing gold prices but as always while it's exhilarating to make such predictions and observations let's stay grounded this is all news my friends not investment advice always make sure to do your own research and be informed before making any financial decisions oh and

speaking of gold do you know why the gold bar was always calm because it had the Midas touch if you curious to explore more such golden Tippets don't forget to check out another one of our insightful videos right here on Silver News Daily stay golden and remember to shine bright dear listeners until next time