While the stock markets in the US have remained choppy over the past few months as the Federal Reserve continues to raise interest rates, one of the surprises in the markets has been how the #preciousmetals have rallied in the face of the central bank’s tightening policy.
The Fed has continued to raise rates, albeit at a slower increment in its last meeting, yet as this has happened, gold is now trading over $1,900 per ounce. Which is on the higher end of its historical range, and not all that far off from its all-time highs of over $2,000 per ounce.
So in today’s show, I talk with Jorge Ramiro Monroy and Lauren Megaw of Reyna Silver about the recent performance of gold and #silver, and what they are hearing from the investors they speak with on a daily basis. They talk about the tone of the institutional investors who look at the precious metals, and how they’re viewing the sector at this largely unprecedented phase of the current financial markets.
Jorge and Lauren also mention how they’ve seen a renewed interest in the metals as many of the crypto exchanges have run into issues, and how that’s leading some crypto investors to rethink the metals as a source of stability during this period of recession.
So to find out more about the latest news in the gold and silver markets, click to watch this video now!