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| ** Market Conditions Alert ** | | |
Gold and silver are rebounding this week in the face of intense stock market volatility and overall weakness.
At present, gold is up $90 this morning and trades at $3,070 – barely 1% below it's all-time high achieved last Wednesday
Silver fell more than $4 after last week's jarring tariff announcements, but it has regained about $1 to trade this morning at $30.60.
While the chaos continues in global stock and bond markets, demand for physical gold and silver in the U.S. retail market has suddenly risen to multi-year highs.
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Wholesalers have seen their excess inventories wiped out over the past week, and mints are now firing back up their long-idle equipment to supply the markets.
The last year has witnessed at least two mints in the United States close their doors due to lack of business. It's unknown whether the fresh demand in recent days will continue, but it's likely we'll see premiums drift higher on coins, bars, and rounds.
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Meanwhile, the always-incompetent and poorly run U.S. Mint announced this morning it will stop producing the 1 oz Gold Buffalo for lack of 0.9999 pure gold blanks. Money Metals is still extremely well stocked across the board, and our shipping speeds remain fast.
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| This copyrighted material may not be republished without express permission. Offer only available through email promotion. Offer does not apply to previous orders and may not be combined with any other offer or program. Special shipping rates or other restrictions may apply to international orders. The information presented here is for general educational purposes only. Money Metals Exchange and its staff do not act as personal investment advisors. Nor do we advocate the purchase or sale of any regulated security listed on any exchange for any specific individual. While our track record is excellent, investment markets have inherent risks and there can be no assurance of future profits. You are responsible for your investment decisions, and they should be made in consultation with your own advisors. By purchasing from Money Metals, you understand our company is not responsible for any losses caused by your investment decisions, nor do we have any claim to any market gains you may enjoy. Money Metals Exchange is not a regulated trading "exchange" as defined by the CFTC and the SEC. | | |
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