Vince Lanci
Vince Lanci Articles
After last week's gold and silver selloff, Goldman Sachs has a new report out to their clients telling them how to respond.
The gold price is down again this morning (silver is flat so far), as new trade deal news has come out.
Even though the gold price has leveled off over the past 2 months since briefly crossing over the $3,500 per ounce level, that hasn't stopped Goldman from reiterating their forecast of $4,000 gold.
The gold price has been rallying for 18 months now. Although the rally has tailed off over the past 2 months. Is it over? Or still just getting started?
As the gold price keeps blowing through the bullion bank price targets, now even the banks that traditionally aren't so kind in their commentary towards gold are raising their forecasts.
The Central Banks have been driving the gold rally over the past few years with record amounts of gold purchases. The pace is somewhat lower this year, although increased in May.
After last week's selloff, the gold price has once again rebounded, and is now back up over the $3,350 level.
While most of the attention in the precious metals world is focused on gold and silver, we've seen some interesting trading activity in the platinum market this year.
Amazingly we're almost halfway through 2025, and it's safe to say that the first half had no shortage of activity for the financial markets. But after everything we've seen, including this week's selloff, what can you expect in the second...
The US did go ahead with its strikes on Iran on Saturday (although reports of how much damage was actually done are mixed).
