Gold To HIT $3,000?! Why is Silver Lagging Behind? Here's Why!

March 27, 2024

We welcome back Mike McGlone, Senior Commodity Strategist at Bloomberg Intelligence, for a deep dive into the fascinating dynamics of the precious metals market. Amidst global economic uncertainties, gold prices are soaring to new heights, setting it apart from other commodities. Mike shares his expert analysis on gold's bullish trend, the potential impact of central bank activities, and the intriguing role of cryptocurrencies in the current financial landscape. Additionally, we explore the shifting demand for industrial metals, the influence of geopolitical tensions on oil prices, and the anticipation surrounding the Federal Reserve's monetary policy decisions.

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The world’s gold supply increases by 2,600 tons per year versus the U.S. steel production of 11,000 tons per hour.
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