Gold, Silver bubble? [Video]
|The year is almost over, yet the markets keep delivering surprises. US Q3 GDP came in at 4.3%, the fastest growth in two years, fueled by AI investments, strong corporate profits, and resilient consumer spending. Price pressures rose too, with PCE at 2.8%, but happily less than expected, keeping the Fed hawks in check.
Equities rallied on the back of earnings and spending, though the move was narrow and mostly benefited Big Tech. The US dollar eased, sending gold, silver, and copper to fresh all-time highs — another strong year for the metals, thanks to scarce supply, rising demand, and the ongoing “debasement trade.”
It feels like Santa is still on his way, bringing the year’s final gifts to investors.
Merry Xmas and Happy New Year!
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