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– Market Conditions Report –
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Precious metals bulls this week reversed the recent downturn in gold and silver prices, and silver rallied almost $1 yesterday.
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The relative strength in silver offers an encouraging sign that seasonal lows for the precious metals space have already been reached.
Meanwhile, the next few days could yield financial news that moves the markets.
Federal Reserve Chairman Jerome Powell is slated to speak at Jackson Hole on Friday.
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Investors will be looking for clues about whether the Fed is ready to throw in the towel on the inflation fight and stop hiking interest rates.
The BRICS summit in Johannesburg is underway with invitations extended yesterday to Argentina, Egypt, Iran, Ethiopia, Saudi Arabia, and the United Arab Emirates to become new members of the contra-dollar trade alliance that already includes Brazil, Russia, India, China, and South Africa.
In the retail U.S. market for physical gold and silver, premiums on coins, bars, and rounds have declined to new lows, creating a value opportunity for investors.
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Other Great Options to Consider
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This copyrighted material may not be republished without express permission. Offer only available through email promotion. Offer does not apply to previous orders and may not be combined with any other offer or program. Special shipping rates or other restrictions may apply to international orders. The information presented here is for general educational purposes only. Money Metals Exchange and its staff do not act as personal investment advisors. Nor do we advocate the purchase or sale of any regulated security listed on any exchange for any specific individual. While our track record is excellent, investment markets have inherent risks and there can be no assurance of future profits. You are responsible for your investment decisions, and they should be made in consultation with your own advisors. By purchasing from Money Metals, you understand our company is not responsible for any losses caused by your investment decisions, nor do we have any claim to any market gains you may enjoy. Money Metals Exchange is not a regulated trading “exchange” as defined by the CFTC and the SEC.
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