Gold rose to $4,161.42 per ounce last Wednesday, its highest level in over a week. Growing expectations of a Federal Reserve interest rate cut next month boosted demand for this non-yielding precious metal. Traders now see an 83% chance of a December rate cut compared to 30% just a week ago. Comments suggesting that the next Fed chair could be Kevin Hassett who favors lower rates, added further support.

Wall Street forecasters expect gold’s record-setting rally to continue projecting gains of up to 20% over the next year as strong central bank buying, expected Fed rate cuts, and ongoing investor demand keep pushing prices higher. Bank of America sees gold reaching $5,000 per ounce, Goldman Sachs forecasts about $4,900 per ounce, and Deutsche Bank expects gold prices to reach as high as $4,950 per ounce by 2026. Analysts say the same forces that drove gold up 57% this year– economic uncertainty, inflation concerns, deficit spending, and a shift away from the dollar- are likely to remain in place, helping support continued strength in the yellow metal.

We have sold out of the historic gold that was this week’s deal of the week and as a courtesy to those who missed the opportunity, we have a special good for TODAY ONLY. 

With every purchase of ten (10) 1/4 ounce Battle of the Coral Sea gold coins, you will receive twenty (20) 1/2 ounce The Heroes of Two Nations silver coins at no additional charge. Please note, this offer does not qualify for IRA purchases. 

Call 800-827-4653 to take advantage of this deal.

Below you can find news that may be influencing your investment decisions.

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