It’s Finally Happening! Gold & Silver Prices Will ’SHOOT UP’ DRAMATICALLY in 2024 - Marc Faber

Gold prices have been on a remarkable upward trend for five consecutive trading sessions, surpassing the resistance level of 2052 dollars per ounce at the time of writing. This surge marks a significant peak for the yellow metal, the highest it has reached in six months. Spot gold prices, currently at 2, dollars per troy ounce, have soared by 0.6 percent, hitting levels not seen since mid-May. Despite a temporary pullback to around 2,010 dollars, gold has showcased a remarkable increase of over 10 percent since its seven-month low at the start of October, hovering just 3 percent below its all-time high recorded in August 2020. The ascent of gold is intricately tied to the dollar’s declining value, which has seen a 3 percent drop against a basket of six major currencies in November. This decrease in the dollar’s strength makes purchasing precious metals like gold more affordable for investors holding other currencies. We bring you the latest news, insights, and analysis on gold, si