Gold 
Silver 
Economy 
Euporos
SOME VERY INTERESTING NEWS ON THE GOLD AND SILVER MARKET
In the midst of economic turbulence, the gold and silver market continues to attract the attention of investors and central banks. In 2023, these precious metals have become key players in the global financial landscape, reflecting economic uncertainties and inflationary concerns.
Current trends :
Gold, renowned for its resilience, has seen its price rise. According to JPMorgan, the gold price is set to average $2,012 by mid-2024, peaking at $2,175 an ounce in the fourth quarter of 2024, marking a significant rise from around $1,915 in August 2023. At the same time, silver is poised to reach a nine-year high in 2023, potentially overtaking gold in terms of returns.
London Bullion Market Association projections:
The association predicts a rise of 3.3% for gold and 8.8% for silver, attributable to various factors such as the actions of the US Federal Reserve, inflation and geopolitical factors.
Performance at the start of the year :
At the start of 2023, both gold and silver experienced strong growth. The gold price has already achieved half of its expected annual rise, while silver has also grown rapidly, exceeding private investors' forecasts for the end of the year.
Demand and Supply Constraints for Money :
Growing demand for silver for industrial applications is causing supply constraints, contributing to rising prices. Silver mines are struggling to meet this growing demand, exacerbating the supply shortage.
Investment outlook :
Gold and silver are seen as safe havens against inflation and economic turmoil. Central banks around the world are accumulating gold reserves, demonstrating their confidence in the enduring value of these metals. In addition, including gold and silver in investment portfolios is recommended for diversification and to reduce the risks associated with inflation.
Conclusion:
In 2023, gold and silver offer promising prospects for investors seeking to secure their wealth in an uncertain economic climate. Their role as precious assets remains crucial, offering both stability and growth potential in investment portfolios.
This article offers a comprehensive and up-to-date overview of trends and forecasts for the gold and silver market, providing readers with essential information for understanding and potentially investing in these precious metals.
& storage
Author : 47carat.com
Source : http://kingworldnews.com/
Comments
No current comments
