As conflict in the Middle East continues to accelerate, so does safe haven demand for precious metals. Houthi rebels in Yemen, acting in solidarity with Palestinians amid Israel’s war against Hamas, fired an anti-ship cruise missile at an American destroyer in the Red Sea on Sunday. As this war continues to spread and escalate, we can expect to see safe haven demand for gold to boost spot prices.
Meanwhile, the Federal Reserve continues to flip-flop on when Americans can expect interest rate cuts to start coming, now indicating it will be sooner, following an unexpected drop in the producer price index for December, a key inflation report which came out last Friday. The Fed closely watches both inflation and labor market data when determining monetary policy, but just last week had seemed to indicate that rate cuts would be delayed on the promise of a safe landing for the economy.
While most investors expect the Fed to keep rates unchanged for January, it is widely believed that we may see the first cuts in March, with another reduction expected in May. A cycle of rate cuts is generally bullish for gold.
Gold gained 0.7% last month, after rising 3.2% and 6.9% in November and October respectively, to end 2023 up 13%. The time to obtain gold at current price levels just above $2,000 an ounce is coming to an end.
Gold's next highs are just around the corner, so don't delay. We're offering backdated 1 oz. Gold American Eagles at very favorable premiums to make it easier for you to add to your position on gold today. Give us a call at 1-800-831-0007 or email us to place your order today! The new 2024 American Eagles are also now available and ready to ship, call for pricing!
Backdated 1 oz. Gold American Eagles
As low as $99 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. Shipping, handling, and insurance are included on any purchase of 10 oz. of gold or more. Price of $99.00 over spot available for orders of 50 coins or more. Price of $109.00 over spot will apply for orders of 20-49 coins. Price of $119.00 over spot will apply for orders of 10-19 coins. Price of $129.00 over spot will apply for orders of 1-9 coins .Offer expires Friday, January 19, 2024, or while supplies last.