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Macroeconomic Conditions May Lift Gold, Silver Prices
Up about 8% for gold and roughly 2% for silver within the past month, both precious metals could continue to experience an uptrend in prices, especially given the current macroeconomic backdrop. A confluence of economic factors is making for this ideal climate for precious metals. The biggest one is a dollar that’s been losing its steam as the capital markets have expected to see the U.S. Federal Reserve slow down the pace of its rate hikes. “The primary driving force behind gains in the precious metals market are a devaluing US dollar, inflation, and other federal government monetary policies,” said Jonathan ... (full story)