Gold and silver prices have surged to record highs, with spot gold surpassing $2,400 and silver reaching over $30. Gold's price increase was marked by a 2% rise, while silver jumped by 2.5% and then 3%. This unprecedented rise in precious metals is attributed to a combination of factors including geopolitical tensions, particularly in the Middle East, and economic concerns surrounding China. These developments have prompted investors to turn to gold and silver as safe havens, resulting in a fourth consecutive weekly gain for gold, with the price breaking $2,425. The rapid increase in prices has sparked speculation and concern among investors and analysts, with some suggesting that the moves could be indicative of underlying economic and financial system issues. The rise in gold and silver prices is also seen in the context of broader market movements, with the S&P 500 experiencing declines and gold significantly outperforming the index.
Pax Gold hits $3098 @PeterSchiff 👀 https://t.co/eQ7moojVOZ
People are once again spending big on gold. Its spot price hit a record earlier this week, having risen by 15% since the start of March. Longtime analysts of the precious metal are puzzled by its ascent https://t.co/MjW0KSjgCo 👇
Gold prices are at all-time highs and momentum is on the metal’s side.
Gold breaks 17-year correlation vs US 10y Treasury. Probably nothing… 🤨 chart: @zerohedge https://t.co/lhhDBdP901
❗️Gold hits historic high price of $2,396 per ounce https://t.co/PsLHLCECSk
Investors drove gold prices to a record high on Friday, the latest surge in a 17% rally so far this year. Over that period, bullion prices have climbed more than twice as fast as the S&P 500. https://t.co/68Xtvk90UO
Stocks down always go up ; ( S&P down -1.69% this week... Let's recap: - Gold hits new record high of +$2,400/oz. Now up +23% over last 6 months (+40% higher than S&P) - Costco selling as much as $200 million in gold bars monthly - VIX up +25% today. Up +50% from low 3… https://t.co/th3ymUMnVD
While #gold couldn't hold today's rally to a new record-high price of $2,430, it still finished the week with sold gains and held yesterday's low. All today's $90 sell off did was get next week's correction out of the way earlier, setting the stage for a sharp rally to new highs.
While #gold couldn't hold today's rally to a new record-high price of $2,340, it still finished the week with sold gains and held yesterday's low. All today's $90 sell off did was get next week's correction out of the way earlier, setting the stage for a sharp rally to new highs.
VON GREYERZ: GOLD & SILVER ARE ENTERING THEIR EXPONENTIAL PHASE (ZeroHedge) The price moves in the coming months and year are likely to be spectacular. The combination of technical and fundamental factors can easily drive gold well above $3,000 and silver to new highs above $50.… https://t.co/vU6RwnTRL4
Gold Still Glitters. Here’s Why It Keeps Hitting New Highs. https://t.co/le549Sj56N
#Gold surrendered a near $60 rally to trade negative on the day. Once again traders taking profits has created another buying opportunity that likely won't last long. The record high of $2,340 set earlier today is not the top and will likely be broken next week. Buy the dip.
Safe-haven gold prices scaled an all-time record peak Friday and was poised to post a fourth straight weekly gain as geopolitical risks and economic concerns surrounding China attracted robust demand. https://t.co/CZuW3bU5mN https://t.co/FdezVHhAXK
Another strange sign that someone knows something: Gold is up ~20% over the last 5 months and has DOUBLED the S&P 500's return. Meanwhile, bonds are down nearly 9% as interest rate cuts are priced-out. Historically speaking, gold and bonds have almost always traded together.… https://t.co/43E1jkky97 https://t.co/luQQszrIQE
#Gold is now up over $50 on the day, breaking $2,425. It could easily be up over $100 and could crack $2,500 on the same day it cracked $2,400!
NEW: Gold is going parabolic 👀 What do you think is causing the sudden rise? 🤔 Has a new era for hard assets begun? 🙌 https://t.co/K0UuYnD3kf
As much as I'm personally excited and benefiting from gold's surge, I'm growing increasingly concerned about what is driving it. What's breaking under the hood?! It reminds me of the "just don't dance" scene in “The Big Short.” $GLD $XAUUSD https://t.co/c2Vh0pFXf8
SPOT GOLD RISES 2%
Gold is now above $2,400. What's happening is not normal. #Gold doesn't typically move like this, especially on no news. If this means the ZIRP, QE, and deficit spending chickens are finally coming home to roost, the magnitude and velocity of these gains is about to accelerate.
Gold is now above $2,400. What's happening is not normal. #Gold doesn't typically move like this, especially on no news. If this means the ZIRP, QE, and deficit spending chickens are finally coming home to roost, the magnitude and volocity of these gains is about to accelerate.
Silver is up $1. It trading above $29.30. It's up 18% during the first two weeks of April, and 14% since my April 2nd post naming #silver the new #Bitcoin. https://t.co/WkiUTJmmol
Silver, which is now at $29.40, looks like its about to cut through this resistance zone like a hot knife through butter! #silversqueeze https://t.co/NxIrppr8SE
ICYMI: GODL! Precious Metal Soars Above $2,400 After Sudden Gap Higher https://t.co/22Csq3buTw
SPOT SILVER RISES 3%
The ratio of the S&P 500 Total Return Index (SPX) to spot #gold may have put in a double top. For the sake of most investors, hopefully it's not an enduring SPX/gold peak, but the fact that the metal is outperforming #beta despite significant gold #ETF outflows might show the… https://t.co/opRQ98CBOd
#silver above $29 #good above $2,400 🚀🚀🚀🚀 Wake up people... Dollars are losing value very fast... https://t.co/2bkgNeTurf
Price of gold going parabolic https://t.co/V6pYCbsyET
❖ Gold surpasses 2,400, silver jumps by 2.5% The prices of precious metals continued to rise on Friday, with gold extending its all-time high streak, as traders assessed the ongoing global geopolitical tensions, particularly that in the Middle East, and turned to investing in…
SPOT #GOLD > $2,400 https://t.co/eYwpUObeLj
The move in Gold and now silver prices is a bit stunning. In fact it is becoming scary! I’ve never seen anything like this in my 30 years. Something must be afoot. There is something serious taking place, we will know eventually. What do you think it is?
SPOT #SILVER > $30 https://t.co/v4Ff0yYLUB
#Gold just made another all-time high! Several forces are at work. - A secular trend of adding gold as a hedge against #debt monetization (fiscal dominance, if you will) and potential #inflation because of that. - A secular trend of #China boosting foreign gold reserves at the US… https://t.co/v7ujLOXKey