Why Did Gold and Silver Wake Up?
PM Posts |
Housekeeping: This is the PM GoldFix post combining AM emails with additional intraday posts.
Market Recap: Why did Gold and Silver rally?
As of this writing, gold is up $33.75, trading at $1,926.66, and silver is performing even better, up $1.05 to $32.01. Copper is also climbing, trading at $4.22, up $0.08. These moves aren’t isolated. Commodities like WTI crude ($68.65, +2%) and natural gas (+11 cents) are also strong, while crypto is lagging. Platinum and Palladium have posted gains too.
Three Reasons for it:
Syria’s Collapse
**China’s Politburo Today
The Return of PBOC Buying
With Positioning, Technicals, And Volatility
Continues at bottom…
Morning Rundown:
Macro-Economics/Commodities:
Geopolitics:
Founders:
Why Did Gold and Silver Wake Up?
Why is this happening? Three reasons:
Syria’s Collapse
**China’s Politburo Today
The Return of PBOC Buying
With Positioning, Technicals, And Volatility
1. Syria’s Collapse
Syria’s collapse is grabbing headlines, and the market’s response has been predictable—for the most part. Gold and oil are up as traders seek safety and price in potential disruptions. Platinum and palladium, indirectly tied to Russia, are also moving higher.