Gold Closes Above $2200: SchiffGold Friday Gold Wrap March, 29, 2024 | SchiffGold
JD and Joel discuss why gold’s breakout past the $2,200 resistance level means higher highs from here on out. Higher prices are driven by a dovish Fed, weakness in the dollar, and poor economic data. This week they also discuss Peter’s most recent appearance.
OTHER TOPICS DISCUSSED
- Gold is trading at $2,233 (up $78 or about 3.5% on the week).
- Silver is trading at $24.79 (up $0.31 or over 1% on the week).
- Consumer confidence dips on popular pessimism about US economic future
- PCE inflation comes in at around expectations (0.3% vs. 0.4% expected)
- The dollar has lost a fifth of its value in just four years.
- DOJ Lawsuit against Apple
- Francis Scott Key Bridge disaster
- Peter Schiff’s appearance on Anthony Scaramucci’s Show
Quote from the Book of Proverbs:
A false balance is an abomination to the Lord: but a just weight is his delight.”
TOP ARTICLES THIS WEEK
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.
Listen on Youtube
SchiffGold on Instagram: SchiffGoldNews
The Friday Gold Wrap on Apple Podcasts
The Friday Gold Wrap on Stitcher
The Friday Gold Wrap on Spotify
The Friday Gold Wrap on Google Podcasts
The above references an opinion and is for information purposes only. It is not intended to be investment advice.
Call 1-888-GOLD-160 and speak with a Precious Metals Specialist today!
