It has been a historic week for precious metals, where gold almost hit the US $ 3,600 per ounceAnd silver that passes US $ 41 per ounce for the first time since 2011.
The Golden Prize spent the summer in a consolidation phase and part of what stimulates the last step are the expectations that the American Federal Reserve will lower the interest rates during the next meeting.
The central bank has kept the rates steadily since December 2024, even if President Donald Trump brings the pressure on the chairman Jerome Powell in the Fed.
Powell’s speech of August 22 in Jackson Hole, Wyoming, started anticipation on a cut and Augustus American banengates, released on Friday (September 5), is almost guaranteed that it will happen.
Non-agricultural wage lists had risen by 22,000, significantly lower Then the 75,000 expected by economists. In the meantime, the unemployment rate of the country amounted to 4.3 percent.
CME Groups (Nasdaq: CME) Fedwatch tool now shows a probability of 90.2 percent of a speed of 25 basic points in September, with a probability of 9.8 percent of a reduction of 50 basic points.
The unrest on the bond market also helped to move the gold price this week.
The yields for 30 years of American bonds rose to almost 5 percent halfway through the period, their highest level since mid -July, on the back of different worriesIncluding rates, inflation and FED Independence.
Worldwide, the situation was even more tumultuous, with 30 -year -old British bond returns that reached their highest point since 1998; In the meantime, 30 -year bond returns for German, French and Dutch bonds rose to levels that have not been seen since 2011. In Japan, 30 years of bond returns Hit a record high.
Rate developments have also created uncertainty last week.
After a Court of Appeal, a decision confirmed that many of Trump’s rates are illegal, the government of the President asked the Supreme Court Follow the review quickly of the decision.
Returning to gold and silver, their recent price activity certainly raises questions about what the next step is. The broad consensus among the experts who are focused on the sector is positive, but the metals are also starting to get more mainstream attention.
Investmentbank Goldman Sachs (NYSE: GS) in particular now has a Golden price forecast From US $ 4,000 against mid -2026, although the company notes that the yellow metal could rise to almost US $ 5,000 if only 1 percent of private investors shift from treasuries to gold.
“If 1 percent of the private American treasury market would flow to gold, the gold price would rise to almost $ 5,000 per troy ounce” – Daan Struyven, Goldman Sachs
Bullet briefing – Hoffman on Gold, Hathaway on Silver
It has been a short week, at least in North America, so instead of the usual news stories, this Bullet briefing will emphasize some of my favorite recent interviews.
Nothing on Gold’s path
First Ken Hoffman is Red Cloud Securities. It was my first time I spoke to Hoffman, and he made a compelling case for how gold could get to US $ 10,000.
View the full interview with Hoffman above.
Silver a “smoldering volcano”
The following is John Hathaway from Sprott. He shared what he thinks the trigger will be for Gold’s next movement – a large decrease in shares – but he also discussed his bullish prospects on Silver, who ran past US $ 40 not long after our interview.
View the full interview with Hathaway above.
We currently enter absolutely unknown territory and I want to make sure that I comment on the experts you want to hear from – let this fall a comment to let me know with who you want me to talk, and also what questions you have.
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Publication of securities: I, Charlotte McLeod, has no direct investment interest in a company mentioned in this article.
Editorial disclosure: The investing news network does not guarantee the accuracy or thoroughness of the information reported in the interviews it performs. The opinions that are made in these interviews does not reflect the opinions of the investing news network and do not form investment advice. All readers are encouraged to perform their own due diligence.
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