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It'll Happen OVERNIGHT! Gold & Silver Prices Will Get Much Higher In 2024 - Lobo Tiggre

It'll Happen OVERNIGHT! Gold & Silver Prices Will Get Much Higher In 2024 - Lobo Tiggre Gold prices have notably increased, marking the most significant weekly gain since early April. This surge is primarily driven by the latest US employment data, which suggests a cooling labor market, thereby increasing the likelihood of an interest rate cut by the Federal Reserve later this year. Lobo Tiggre, CEO of Independent Speculator.com, is an expert in resource investment. In his assessment, he challenges the expectation of gold decline, pointing to the continued upward trend despite historical instances like 2011 and 1980. However, Lobo Tiggre confidently declares that the current year is poised to be the definitive "gold year," marking a period of exceptional significance and opportunity for investors in the precious metal market. Gold hit an all-time high nominal price in April of 2024 amid rising asset prices across the board, but gold's inflation-adjusted high was still seen in 1980. Average gold prices rose 10% year on year in quarter one, or 5% from the final three months of 2023 to an all-time quarterly high of 2,070 dollars per ounce as macroeconomic and geopolitical drove demand for the flight-to-safety asset. However, Tiggre reiterated his bullish stance on gold, citing factors such as impending recession and potential Federal Reserve policy shifts to support the precious metal's value. Regarding the current market, Tiggre hints at a growing gold recognition, particularly in Western circles, and the advantages of incorporating gold into investment portfolios. Drawing from Rick Rule's insights on the historical norm for gold allocations, Tiggre speculates that a return to this average could trigger a notable uptick in demand for the precious metal. Demand for safe-haven gold rose to its highest level in seven years in the first quarter of 2024, according to the World Gold Council. Total bullion demand rose 3% year on year between January and March, the body said, to 1,238 tonnes. During the interview, Lobo Tiggre emphasizes the importance of seeing a divergence in gold prices between Western markets and the Shanghai Gold Exchange to indicate genuine market behavior. He advocates for the Shanghai exchange to take precedence, ultimately aiming for a shift away from the dominance of London and Chicago markets. Even amid economic uncertainties, China's gold allure has never been more potent. In 2024, amidst soaring global prices, the nation's appetite for gold surged, defying trends and expectations. According to the China Gold Association, gold consumption in China increased by nearly 6%, reaching about 308.9 tonnes in the first three months of 2024 compared to the same period last year, despite the global price surpassing 2400 dollars an ounce. Regarding his earlier perspective on silver's lag behind gold during breakouts, Tiggre acknowledges recent shifts in market data with concern, given the latest breakout in gold prices. Despite this, he offers reassurance to silver bulls, noting that silver is now closely tracking gold, suggesting a revival of its role as a monetary metal. Follow on X:   / moneysense_off   "Welcome to our channel dedicated to gold and silver investing! In this video, we provide expert insights and analysis on the latest trends in the gold and silver market. Discover strategies for investing in precious metals, including gold and silver bullion, coins, and jewelry. Stay updated with real-time price updates and market news, and learn how to diversify your portfolio with gold and silver. Whether you're a beginner or an experienced investor, our channel offers valuable tips and guidance to navigate the world of precious metals. Subscribe now for in-depth analysis, historical data, market forecasts, and more. Join our community of gold and silver enthusiasts and unlock the potential of these timeless assets. #GoldAndSilverInvesting #PreciousMetalsChannel #InvestingTips" We bring you the latest news, insights, and analysis on gold, silver, and copper. Our videos cover a wide range of topics, including gold price, gold prediction, gold price forecast, silver price, silver price prediction, copper price, market trends, investment strategies, and industry news. We share interviews from experts like Rick Rule, Peter Schiff, Mike Maloney, Lynette Zang, and many others. Stay up-to-date with the world of finance and make informed decisions with our expert insights. Subscribe now and never miss a video! #gold #goldpriceprediction #lobotiggre