Good afternoon, to all of you. Given the price of gold and silver at the time of writing I am curious to see what many of you have told us in our Annual GoldCore Survey in regard to where you think gold and silver markets are headed.
At the time of writing gold prices are continuing to surge, already hitting a three-month high, while silver reached a six-week peak earlier on. Both safe-haven demand and chart-based buying are pushing gold towards new record highs.
This rally comes as the market reacts to the European Central Bank’s decision to cut interest rates and the U.S. Federal Reserve’s hold at 4.25%-4.5%. Meanwhile, investors remain on edge over potential new U.S. trade tariffs and global economic uncertainty.
Another major factor is of course unbelievable physical demand at present. In today's video we look at why gold is leaving London and what it tells us about the current market.
A massive near-400 metric tonnes of gold has been shipped from London to New York since November. Why? Fear of tariffs, liquidity issues, and a brewing crisis in the gold leasing market.
Watch now
Tell us what you think!
Have you shared your thoughts in our latest GoldCore survey? It takes just a few minutes, and you’ll be entered to win silver bullion coins!
