Is silver finally ready to shine? As the gold market is now expected to consolidate around its...
In line with historical patterns of summertime slowness, gold fell 0.3% last month after gaining 1.9% in May and 2.9% in April. Yet, the dip has proven to be short-lived as over the last 30 days, gold is already trending 3.9% higher than the previous 30 days.
Buoying gold right now is safe haven demand after the assassination attempt on former President Trump over the weekend. Last week's U.S. consumer price index and producer price index also showed U.S. inflation pressures are subsiding, increasing the likelihood that the Federal Reserve will finally begin to cut interest rates in September, which would be bullish for gold.
The gold spot price currently sits around $2,430, just below the most recent all-time high it hit in May of this year. The consolidation period it fell into in the month of June will bolster price gains through the end of this year, especially as a tumultuous U.S. election cycle, continued international warfare, and the economic outlook continue to fuel the ongoing bull market in precious metals.
Gold rose 13% in 2023, and we expect that it will continue to hit new all-time highs throughout the second half of 2024 and beyond.
To make it easier to take advantage of the current market situation, this week we're offering special premiums on one of The Perth Mint's most unique offerings. This 1 oz. gold square cast bar is 99.99% pure gold and is stamped with The Perth Mint's London Bullion Market Association registered mark, a symbol of international tradability. The Perth Mint celebrates 125 years in business in 2024, and ASI has had the pleasure of partnering with them on both bullion sales and the highly regarded Perth Mint Certificate Program for over three decades.
Give us a call at 1-800-831-0007 or email us to place your order today!
1 oz. Gold Perth Mint Cast Bar
Just $79 over Spot
Plus, a FREE Silver Eagle when you buy three!
*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. You will receive a free 1 oz. American Silver Eagle coin for every three bars purchased. Free shipping, handling, and insurance are available for purchases of 10 oz. gold or more. Offer expires Friday, July 19, 2024, or while supplies last.
