Gold prices steady this week as investors wait for the economic outlook provided in the statement accompanying the central bank’s monetary policy decision on Wednesday. It is highly anticipated that a pause in rate hikes will be announced.
Since March of last year, the Fed has raised rates by 5.25 percentage points, but this anticipated halt or pause in interest rates would be considered bullish for gold.
While a pause is likely, a pivot is not expected any time soon. Inflation is still persistent, just not as aggressive as it was last year. This means that the costs of goods and services are still rising and the Fed is likely to keep rates high for some time. It's not possible to say for certain what the reminder of 2023 has in store, but we know the proven power of precious metals as a hedge against inflation is more necessary now than ever.
Today, we're able to offer 1 oz. gold bars at a favorable premium.
Gold bars are one of the best ways to own physical gold for long-term wealth insurance as they tend to carry lower premiums than coins because of their lower minting costs. If you are looking to add more ounces of gold to your portfolio at a lower cost, gold bars are a perennial favorite of investors looking to hit the recommended 8-12% allocation of gold in their portfolio.
If the Fed does decide to pause, and attitudes turn bullish towards gold, you'll want to make sure that you take action before spot prices respond positively. Act now!
Give us a call at 1-800-831-0007 or email us to place your order today!
1 oz. Gold "Dealer's Choice" LBMA-Approved Bars
As low as $59 over spot
*Prices subject to change based on market fluctuation and product availability. Prices reflected are for cash, check, or bank wire. Minimum order is 1 oz. gold. $69 over spot pricing available for purchases of 1-9 ounces. $59 over spot pricing available for purchases of 10 ounces or more. Free shipping, handling, and insurance are available for gold purchases of 10 oz. or more. Bar selection is random and dealer's choice. Offer expires Friday, September 22, 2023, or while supplies last.