Sir
Why gold and silver are rising so rapidly ?
Even today, as U.S jobs data is better than expected ( which indicated more clearly that their will be more rate hikes ahead )
And their unemployment remained unchanged
I agree that fed’s powell indicated recently few times that they will going to slower the pace of rate hikes but they will keep them higher for longer and their are more rate hikes to come ahead
These all the factors are negative for gold amd silver as keeping money in gold is costing greater opportunity cost for investors
So why are these commodities are rising so rapidly ?
2 Answers