Rafi Farber: Gold to All-Time Highs As Mideast War On Knife's Edge
Gold hits new highs at $2,500 amidst Middle East tensions and market turmoil. Silver lags, caution advised. Watch the video for an in-depth analysis.
As tensions in the Middle East escalate, the financial markets are experiencing significant turbulence. Stocks and commodities are simultaneously taking a hit, signaling widespread investor anxiety. However, amidst the chaos, gold is defying the trend and has surged towards the $2,500 per ounce, reaching new all-time highs this week.
Silver, on the other hand, is lagging behind, which suggests that traders should exercise caution. If the situation in the Middle East de-escalates, we could see a relief selloff that might affect precious metals.
Adding to the complexity, new estimates from Bank of America indicate that the supply of T-bills could deplete reverse repos in about two months. This spare monetary tank has been lingering for most of the year. The repo rate also closed out July on a high note, while bank reserves are nearing the $3 trillion danger zone once again.
It's a highly volatile and unpredictable time in the markets. For a deeper dive into these developments and what they could mean for your investments, click the button to watch the video now!
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