Gold prices have started to ease a little after an extensive bull run, opening up a window of opportunity to buy now for investors keen to cash in on the strong outlook for the precious metal. Recent events have eased investor’s minds and encouraged them back towards markets and away from gold and other traditional stores of value thanks to a temporary lull in what is a tumultuous time politically and economically around the world.
European and Asian markets have responded well, and although this is not reflected in US market opening numbers, the market’s fears around the US, Saudi Arabia, and Iran have been eased by the prospect of a non-kinetic response by President Trump. Whether this holds, given the Trump administration’s usual stance, remains to be seen so it’s well worth making a gold investment now to take advantage of this state
Powell’s long-anticipated rate cut was finally announced, at the expected 25 basis points. While this news certainly came as no surprise, the markets have not had time to form a significant response.
National banks are adopting steady-as-she-goes approaches too, with the banks of Japan, England, and Switzerland announcing they will continue with existing policies. With safe-haven demand now declining, risk aversion waning, and gold prices pulling back, now is an opportune time to invest as the experts predicts the bull run will kick back into high gear shortly.