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🌟 Price Gains for Gold and Silver After U.S. Jobs Data 🌟

In early U.S. trading, gold and silver prices surged following a closely watched U.S. economic report. The report revealed that the U.S. economy is not overheating, aligning with market expectations. Here are the key points:

  • Gold: August gold rose by $10.60 to $2,380.00.
  • Silver: July silver increased by $0.157 to $30.69.

The U.S. employment situation report for June showed an addition of 206,000 jobs—very close to the expected 200,000. The unemployment rate ticked up slightly to 4.1%. This report favors U.S. monetary policy doves who advocate for earlier interest rate cuts by the Federal Reserve.

Other market highlights:

  • Asian and European stock indexes were mixed.
  • U.S. stock indexes are set for slightly firmer openings.
  • The U.K. elections resulted in Labour’s victory, bringing stability after years of volatility.

Technical outlook:

  • Gold: Bulls aim for a close above $2,406.70, while bears target support at $2,300.00.
  • Silver: Bulls seek to breach $32.00, while bears watch the June low at $28.90.

Stay informed and make informed decisions! 💎📈


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🌐 U.S. Monetary Policy Explained

The U.S. monetary policy refers to the actions taken by the Federal Reserve (the central bank of the United States) to manage the country’s money supply, interest rates, and overall economic stability. Here are the key points:

  1. Interest Rates:
    • The Federal Reserve sets the target federal funds rate, which influences short-term interest rates.
    • Lower interest rates encourage borrowing, spending, and investment, stimulating economic growth.
    • Higher interest rates help control inflation by reducing spending and credit availability.
  2. Open Market Operations:
    • The Fed buys or sells government securities (bonds) in the open market.
    • Buying bonds injects money into the economy, while selling bonds withdraws money.
    • These operations impact the money supply and interest rates.
  3. Reserve Requirements:
    • Banks must hold a certain percentage of their deposits as reserves.
    • Adjusting reserve requirements affects the amount of money banks can lend.
  4. Quantitative Easing (QE):
    • During crises, the Fed may buy longer-term securities to boost liquidity and support economic recovery.
    • QE increases the money supply and lowers long-term interest rates.
  5. Forward Guidance:
    • The Fed communicates its future policy intentions to guide market expectations.
    • Clarity on rate hikes or cuts influences investor behavior.
  6. Inflation Targeting:
    • The Fed aims for stable prices and moderate inflation (around 2% annually).
    • It adjusts policy to achieve this target.

Remember, the U.S. monetary policy plays a crucial role in shaping economic conditions, affecting everything from mortgage rates to stock market performance.

Click here to read to full article on Kitco.

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A Brighter Future for Gold in 2023

Gold is one of the most precious metals in the world. It has been used for centuries as a store of value, a medium of exchange, and a symbol of wealth and power. But what does the future hold for gold in 2023? In this post, we’ll explore some factors that could influence the price and demand of gold in the next year.

Why Gold Matters

Gold is more than just a shiny metal. It has many unique properties that make it valuable and desirable. For example, gold is:

  • Durable. Gold does not corrode, tarnish, or rust. It can last for thousands of years without losing its quality or beauty.
  • Rare. Gold is scarce and difficult to mine. The total amount of gold ever mined is estimated to be around 200,000 tons, which could fit in a cube with sides of 21 meters.
  • Malleable. Gold is soft and easy to shape. It can be hammered into thin sheets or drawn into thin wires. One ounce of gold can be stretched into a wire 80 kilometers long.
  • Conductive. Gold is an excellent conductor of electricity and heat. It is used in many electronic devices, such as computers, smartphones, and satellites.
  • Divisible. Gold can be divided into smaller units without losing its value. It can be melted and reformed into different shapes and sizes.

These properties make gold versatile and valuable for various purposes, such as jewelry, investment, industry, and medicine.

What Could Affect Gold in 2023

Many factors, such as supply and demand, inflation and deflation, interest rates, geopolitical events, and market sentiment, influence the price and demand of gold. Here are some of the possible scenarios that could affect gold in 2023:

  • A global economic recovery. If the world economy recovers from the pandemic and grows faster, this could boost the demand for gold as a hedge against inflation and currency devaluation. Gold could also benefit from increased consumer spending on luxury goods like jewelry and watches.
  • A prolonged pandemic. If the pandemic persists or worsens in 2023, this could dampen the demand for gold as a consumer good and an industrial metal. People may have less disposable income to spend on non-essential items or invest in gold. However, gold could still be a haven asset in times of uncertainty and crisis.
  • A rise in interest rates. If central banks raise interest rates to curb inflation or stimulate growth, this could reduce the appeal of gold as a non-yielding asset. Higher interest rates could also strengthen the US dollar, which tends to have an inverse relationship with gold prices.
  • A fall in interest rates. If central banks lower interest rates to support the economy or fight deflation, this could increase the attractiveness of gold as a store of value and a hedge against actual negative returns. Lower interest rates could also weaken the US dollar, which tends to have a positive relationship with gold prices.
  • A geopolitical conflict. If there is a significant war or political turmoil in 2023, this could increase the demand for gold as a haven asset and protection against geopolitical risks. Due to disruptions, gold could benefit from increased central bank buying or reduced mine production.

How to Invest in Gold in 2023

There are many ways to invest in gold in 2023, depending on your risk appetite, time horizon, and objectives. Some of the methods are:

  • Physical gold. You can buy physical gold through bars, coins, or jewelry. This gives you direct ownership and control over your gold assets. However, you also have to consider the costs of storage, insurance, and transportation. The best way to do this is to know how. You can click here to earn about buying physical gold.
  • Gold ETFs (exchange-traded funds). You can buy shares of ETFs that track the price of gold or hold physical gold in vaults. This exposes you to gold without dealing with the hassles of owning physical gold. However, you must also pay fees and commissions to the fund managers and brokers.
  • Gold stocks (mining companies). You can buy shares of companies that mine or produce gold. This gives you leverage to the price of gold and potential dividends from profitable operations. However, you also have to face the risks of operational failures, environmental issues, and political instability.
  • Gold futures and options (derivatives). You can buy contracts that give you the right or obligation to buy or sell gold at a predetermined price and date. This gives you flexibility and leverage to speculate on the price movements of gold. However, you must also deal with high volatility, margin requirements, and expiration dates.

Read more about it and watch the interview about this subject with David Nelson. Click here to go to the Kitco.com site and watch the interview.

Conclusion

Gold is a fascinating and valuable metal that has many uses and benefits. It is also a dynamic and complex market influenced by many factors. In 2023, gold could face various opportunities and challenges that could affect its price and demand. If you want to invest in gold in 2023, you should do your research, understand your goals, and choose the best method for you.

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The markets maintain an eye on the debt ceiling issue and credit conditions;- Economists expect the price of gold to continue trading at historically high levels.

Analysts predict that gold prices will remain historically high for the upcoming few months due to worries about credit conditions and the debt ceiling dispute.

Friday saw a decline in the price of gold as banking concerns receded, and the U.S. employment report for April came in better than anticipated.

Gold to stabilize at $2,000.00 per ounce

The United States unemployment rate dropped again to a 53-year low of 3.4% last month, while 253,000 new jobs were created.

According to Jameel Ahmad, chief analyst at CompareBroker.io, “The employment market is showing clear resilience despite the sharp rise in U.S. interest rates over the last year, and this resilience will afford Fed policymakers patience to ultimately continue to watch economic data before making any decisions over the narrative on the future monetary policy outlook.”

Gold futures on the June Comex were last trading at $2,024.30 per ounce, down 1.3% on the day. This comes after Comex prices earlier in the week touched record highs of $2,085.40.

“Banking concerns appear to be over today. But that story will be remembered sometime soon, according to Edward Moya, senior market analyst at OANDA, who spoke to Kitco News. “Overall, risks will remain high, and credit conditions will tighten. Additionally, US President Joe Biden met to discuss the debt ceiling. The dangers will reappear.

According to Capital Economics commodities economist Edward Gardner, the gold market will only see significant challenges if the debt ceiling issue and the upheaval in the financial sector are handled.

Gold futures on the June Comex were last trading at $2,024.30 per ounce, down 1.3% on the day. This comes after Comex prices earlier in the week touched record highs of $2,085.40.

“Banking concerns appear to be over today. But that story will be remembered sometime soon, according to Edward Moya, senior market analyst at OANDA, who spoke to Kitco News. “Overall, risks will remain high, and credit conditions will tighten. Additionally, US President Joe Biden met to discuss the debt ceiling. The dangers will reappear.

According to Capital Economics commodities economist Edward Gardner, the gold market will only see significant challenges if the debt ceiling issue and the upheaval in the financial sector are handled.

“In the coming months, the price of gold will remain historically high due to worries about banks and the U.S. debt ceiling. However, we believe that longer-term obstacles will emerge once these concerns pass, Gardner said on Friday. According to “our new indicator of financial stress in advanced economies,” the demand for safe-haven assets because of banking issues is helping to boost the price of gold.

Because of the impasse in Washington on raising the debt ceiling for the United States, a default by June 1 is now more likely.

This week, RBC Wealth Management warned, describing the political and economic climate as “one of the most challenging.”

There are some similarities between now and 2011, the last time the debt ceiling seriously rattled the markets.

“In 2011, the United States approached its debt ceiling on May 16 and, on August 1st, approved legislation to raise it following significant political squabbling. On that date, the price of gold had increased by 9% month over month, likely influenced by worries about the U.S. government’s finances. Naturally, these same worries have just returned,” says Gardner.

According to Capital Economics, these factors might destabilize markets for the ensuing few months, keeping gold at approximately $2,000 per ounce.

“In 2011, the United States approached its debt ceiling on May 16 and, on August 1st, approved legislation to raise it following significant political squabbling. On that date, the price of gold had increased by 9% month over month, likely influenced by worries about the U.S. government’s finances. Naturally, these same worries have just returned,” says Gardner.

According to Capital Economics, these factors might destabilize markets for the ensuing few months, keeping gold at approximately $2,000 per ounce.

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Gold Prices Edge Higher as Investors Seek Safety

Gold prices increased on Monday as investors sought safety amid rising geopolitical tensions. The price of gold for April delivery rose $10.90, or 0.6%, to settle at $1,995.10 an ounce on the Comex in New York.

The gains came as Russia continued to mass troops on its border with Ukraine, raising concerns of a potential invasion. Gold is often seen as a safe haven asset, and investors often turn to it in times of geopolitical uncertainty.

“Gold is benefiting from the risk-off sentiment in the markets,” said Edward Moya, senior market analyst at OANDA. “Investors are looking for a safe place to park their money, and gold is one of the best options.”

In other news, the U.S. dollar index was slightly lower on Monday as investors weighed the potential impact of the Federal Reserve’s interest rate hike on the global economy. The dollar index, which measures the greenback against a basket of other currencies, was down 0.1% at 98.55.

A stronger dollar can make gold more expensive for holders of other currencies, weighing on gold prices. However, gold is also seen as a hedge against inflation, and higher inflation could support gold prices in the long term.

Overall, gold prices are expected to remain volatile in the coming weeks as investors continue to monitor the geopolitical situation and the Federal Reserve’s monetary policy.

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3 Reasons why The Gold Documentary by Moconomy is Key

Moconomy is a News Media Outlet that makes excellent Documentaries about a wide array of topics in the Field of Economics. Their content is always done in the most professional way possible, educates and entertains.

In February of 2022, They made an hour-long Documentary about Gold that is paramount to anybody interested in the Economy and particularly crucial for those in the Gold Industry.

We found 3 Reasons why this Video Documentary is Key.

1.- Understanding the History of the Word Economy is essential to becoming a financial professional. Particularly knowing the role that Gold has had and still has as the oldest and one of the most critical and valuable currencies can make all the difference between economic success and failure.

2. It Educates the Viewer in dept, explaining how scarce it is, how it works as both a currency and commodity and its unique properties. How it has served and still does as a symbol of wealth, power, and beauty.

3. In this Documentary, one can understand the Importance of Gold and how today's Economy relates to the metal. It also lets us look into the Economic Future while helping to understand the importance that it will have in the future and how to be better prepared for it.

In February of 2022, They made an hour-long Documentary about Gold that is paramount to anybody interested in the Economy and particularly crucial for those in the Gold Industry.

We found 3 Reasons why this Video Documentary is Key.

1.- Understanding the History of the Word Economy is essential to becoming a financial professional. Particularly knowing the role that Gold has had and still has as the oldest and one of the most critical and valuable currencies can make all the difference between economic success and failure.

2. It Educates the Viewer in dept, explaining how scarce it is, how it works as both a currency and commodity and its unique properties. How it has served and still does as a symbol of wealth, power, and beauty.

3. In this Documentary, one can understand the Importance of Gold and how today’s Economy relates to the metal. It also lets us look into the Economic Future while helping to understand the importance that it will have in the future and how to be better prepared for it.

The Documentary GOLD | Documentary | The History of Gold | Why Gold became Money by Moconomy.tv Makes an extraordinary documentary about gold, gold’s history, gold in the present times, and the possibilities of gold in the future.

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Analysts predict that gold will have a challenging start to 2023 but will shine more toward the end of the year.

Financial markets are still dominated by uncertainty as central banks’ monetary policies cause a worldwide recession to curb inflation. Watch GK News to hear from professionals on how to survive the choppy financial markets in 2023.

The gold market is concluding 2022 on the rise in about a neutral zone at around $1,800 an ounce after a hard year loaded with challenging obstacles.

The price of the precious metal is anticipated to drop by less than 2% at the year’s conclusion, placing it second among the best-performing assets just behind the US dollar. Although the market is becoming more bullish, some analysts caution investors that they will need to exercise patience in 2023.

Although the gold market is expected to continue outperforming most asset classes in the new year, some central banks and commodity analysts expect to see a significant push higher in the year’s second half. Gold prices are expected to remain at around $1,800 an ounce in neutral territory.

The Federal Reserve’s solid monetary policy stance, which weighed on gold for most of the year, may persist until the first half of 2023.

In its last monetary policy meeting for 2022, the Federal Reserve forecasted the Fed Funds rate peaking above 5% in 2023. The central bank’s updated forecast capped a year with the most aggressive tightening cycle since 1981 as inflation rose to a more than 40-year high.

Although inflation has come down from its summer highs, Federal Reserve Chair Jerome Powell said that the central bank’s job isn’t finished.

“Even with today’s action, we are not in a sufficiently restrictive position. When we reach that position, the next consideration is how long we should remain there. And there is a strong belief on the committee that we must stay there until we are convinced that the rate of inflation is down sustainably, which we believe will take some time, “At a press conference on December 14, he stated.

Despite the Federal Reserve’s steadfast stance against inflation, economists point out that the institution is nearing the conclusion of its cycle of tightening, which may be advantageous for gold.

According to Bank of America, the Federal Reserve will stop tightening policy in March, and the first rate cut will occur by the end of 2023.

According to Bank of America’s commodity expert Michael Widmer, the price of gold may reach $2,000 per ounce in this situation.

By the end of the year, the Federal Reserve is also expected to lower interest rates, according to commodity analysts at Commerzbank. However, as investors get used to a new terminal rate climb above 5%, gold prices may struggle in the short run.

The Fed is projected to decrease the benchmark rate again around the end of 2023 in light of a weak economy and lower inflation after what is anticipated to be the final interest rate boost in March. On the other hand, the Fed still needs to make this prediction. According to analysts at the German bank, the gold price should increase again as soon as the Fed follows suit.

As the U.S. economy will have been in a recession since the start of the year, this should be the second half of next year when inflation will have sufficiently decreased. The decline of the U.S. should also help the price of gold.

In 2023, how low can gold prices fall?

The Federal Reserve will continue to tighten its monetary policy in the coming year despite reducing the rate hike pace, which will reduce investor interest in gold.

In 2023, central banks will keep buying gold.

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