Gold won’t be distracted by Fed-rate-hike fears for long, likely carving a major bottoming. Then gold’s own strong bullish fundamentals will reassert themselves fueling its next upleg.
Ira Epstein discusses the current state of the metals market, highlighting a significant downturn in gold prices due to ongoing geopolitical tensions and inflation concerns.
Ira Epstein notes that despite a temporary peace, the metal markets, particularly platinum, have been under pressure, with gold prices showing a bearish pattern.
The decline was a bit scary. However, we remain optimistic that we’re staying in a long-term bull market and this has just been a nasty correction following the big run-up in 2022–2026.
Gold prices are expected to average a record $4,920/oz in 2026 as the bull run resumes, according to Metals Focus. Current prices of gold/silver are great for the long term.
