Gold Projected to Hit Higher Highs: SchiffGold Friday Gold Wrap 10.4.2024
Gold closed the week at $2,652 (down $6 since last week) and silver at $32.19 (up $0.57). Investment banks are setting higher targets for gold as monetary warning signs flash faster.
OTHER TOPICS DISCUSSED
-ADP jobs below 200k for sixth straight month
-Unemployment rate drops to 4.1%
-Reverse repo cash surges $465b in New York Fed
-Goldman Sachs announces new $2,900/oz gold target
-August PCE is down, suggesting even more rate cuts to come
-Key headlines for next week
Quote of the Week:
Inflation is the number one issue that people are feeling across this country. It’s hurting middle-class families. It’s hurting working-class families. And it's going to be the big factor in the 2024 election."
-Florida Governor Ron DeSantis
The SchiffGold Friday Gold Wrap podcast combines a succinct summary of the week’s economic precious metals news coupled with thoughtful analysis. You can subscribe to the podcast on Apple Podcasts and other podcasting platforms. The links are below.
SchiffGold on Instagram: www.instagram.com/schiffgoldnews
SchiffGold on Twitter: twitter.com/SchiffGold
SchiffGold on Facebook: www.facebook.com/schiffgold
SchiffGold's website: www.schiffgold.com
The above references an opinion and is for information purposes only. It is not intended to be investment advice.
OTHER TOPICS DISCUSSED
-ADP jobs below 200k for sixth straight month
-Unemployment rate drops to 4.1%
-Reverse repo cash surges $465b in New York Fed
-Goldman Sachs announces new $2,900/oz gold target
-August PCE is down, suggesting even more rate cuts to come
-Key headlines for next week
Quote of the Week:
Inflation is the number one issue that people are feeling across this country. It’s hurting middle-class families. It’s hurting working-class families. And it's going to be the big factor in the 2024 election."
-Florida Governor Ron DeSantis
The SchiffGold Friday Gold Wrap podcast combines a succinct summary of the week’s economic precious metals news coupled with thoughtful analysis. You can subscribe to the podcast on Apple Podcasts and other podcasting platforms. The links are below.
SchiffGold on Instagram: www.instagram.com/schiffgoldnews
SchiffGold on Twitter: twitter.com/SchiffGold
SchiffGold on Facebook: www.facebook.com/schiffgold
SchiffGold's website: www.schiffgold.com
The above references an opinion and is for information purposes only. It is not intended to be investment advice.
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