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Gold Demand Remains Strong In Face Of 'Higher For Longer'

May 15, 2024

During a time when the Fed has aggressively hiked interest rates and left them 'higher for longer' well past what most investors were expecting, we've still seen one of the more impressive gold and silver rallies of the past 2 decades.

Back in September of 2022 while the Fed was still doing 75 basis point interest rate hikes silver was below $18, while gold traded down to $1630. And in today's show Andy Schectman of Miles Franklin talks about how the demand from the east, that is still continuing now, has pushed the price up even though we still haven't seen the interest rate cuts.

He also talks about the continued escalation of sanction, and now the new tariffs that the US is placing on Chinese EVs. Which are set to create more price inflation at the same time the governments are pushing for the green agenda.

To find out more, click to watch the video now!

Arcadia Economics

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The melting point of gold is 1337.33 K (1064.18 °C, 1947.52 °F).
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