Proposed Infrastructure Bill Keys Future Direction of Markets
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GOLD
A spike in interest rates and the U.S. Dollar is putting pressure on the precious metals and other financial markets. The proposed $3.5 Trillion Infrastructure legislation in Congress is a key factor in future direction of interest rates and the Dollar, as well as precious metals. Gold reached a low of $1,727 in early European trading before finding support. At 11am PT today, Gold is down $16 per ounce, trading at $1,736 on normal volume.
SILVER
Silver followed Gold lower this morning, as premiums on the many of the popular Silver investment items start to increase. The U.S. Mint is having difficulty sourcing Silver blanks for the 1oz silver eagles, so we expect the mintage on the type 2 eagles will be lower than expected. At 11am PT today, Silver is trading at $22.46, down $0.20 on average volume.
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Mint State Gold
April 24 2024