Silver Price Outlook Hinges on Federal Reserve Communication
August 20, 2024Silver Prices Pause After Four-Day Rally as Investors Await Fed Signals
August 22, 2024The steady climb of gold to unprecedented levels this year has reinforced its reputation as a crucial asset in any investment portfolio. Since last October, gold has been on an upward trajectory, hitting multiple all-time highs, with the latest peak reaching $2,531 an ounce on Tuesday. This surge marks a remarkable 26% increase from its February low and a staggering 41% rise since October. Experts suggest that this surge could signal the beginning of a historic supercycle for gold, with the potential for prices to soar even higher. All eyes are now on the Federal Reserve’s upcoming Annual Economic Symposium for further insights into how gold prices may continue to perform this year.