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Gold and Silver Market Weekly Wrap-Up - Week Ending September 11th, 2020

Gold Silver Market
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Gold closed this week at $1942.78, consolidating gains before it tries for the $2100 mark in the weeks ahead, according to FX Street. Read More Here...

Here is a chart that shows you the increase in Gold's price. Year over year, we are currently up 29.55%. 

Silver closed this week at $26.85, a strong position for moves to the upside as high as $35.00 in the near-term, according to Credit Suisse. Read More here...

Here is a chart that shows you the increase in Silver's price. Year over year, we are currently up 48.17%. 

The Dollar is experiencing a short-term boost in value as Gold demand fell in India, the second-biggest buyer after China, because of the start of "Shradh," two weeks considered taboo to buy Gold and other assets. Read More Here... 

Although the Dollar has propped up a tad, the chief investment officer of currency manager A.G. Bisset, reported to Reuters recently that he believes the U.S. currency will plunge 36% against the Euro over the next year or so, taking it to levels it has not seen in more than a decade.

The greenback’s recent weakness' is the beginning of a huge move that could hurt the droves of investors exposed to it through their holdings in U.S. stocks and bonds.

When you consider this assessment against the consensus view that the Fed will hold interest rates near zero for years to come, this 36% decline against the Euro begins to make some sense.

Own Gold and Silver or suffer the losses! 

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All articles are provided as a third party analysis and do not necessarily reflect the explicit views of GSI Exchange and should not be construed as financial advice.

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