"There's every chance the gold and silver momentum could carry further. Silver could climb toward the $50s per ounce by year-end, with gold testing the $3,800-$3,900 range. Investors are restructuring portfolios to include a higher weighting in gold and silver. For many, these metals are no longer simply 'insurance policies' but strategic allocations."
"Gold has scaled yet another all-time high today and is in touching distance of $3,800, having hit dozens of records this year. In the past month alone, the price has risen by $400. With inflation fears, Fed rate cut expectations, a softening dollar and central bank accumulation, $4,000 by Christmas is a strong possibility."
"Now is an ideal time to cash in on old or unwanted items. Right now you'd receive almost 80% more than in September 2023. We've seen a sharp rise in people selling jewellery and using gold as collateral for loans."
Gold climbed to $3,778 per ounce, up 42% since January. Silver rose to $42 per ounce, up 45%. The rally has been underpinned by central bank buying, sticky inflation, geopolitical instability and concerns about equity market valuations. JPMorgan forecasts gold could top $4,000 by Q2 2026, while several analysts believe the landmark could arrive sooner. Momentum has driven investors to restructure portfolios with higher weightings in gold and silver, treating metals as strategic allocations. Retail activity increased, with more households selling or borrowing against jewellery and using gold as loan collateral. Some warned of overheating risks.
Read at Business Matters
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