Silver Retests Swing Highs: SchiffGold Friday Gold Wrap 9.27.2024

SchiffGold Friday Gold Wrap Podcast

Gold closed the week at $2,658 (up $37 since last week) and silver at $31.62 (up $0.47). We discuss the drivers of this week's new highs, stalling homebuying, and key news next week. OTHER TOPICS DISCUSSED -Consumer confidence plunges to lowest level since 2021 -US GDP revision reports 3.0% growth in spring -August PCE is down, suggesting even more rate cuts to come -Survey shows 82% of 2024 homebuyers express doubts -China announces $280 billion bond campaign to save collapsing real estate -Swiss National Bank cuts rates, following ECB Quote of the Week: Gold is money. It's still, by all evidence, a premier currency, where central bankers hold it." -Ron Paul The SchiffGold Friday Gold Wrap podcast combines a succinct summary of the week’s economic precious metals news coupled with thoughtful analysis. You can subscribe to the podcast on Apple Podcasts and other podcasting platforms. The links are below. SchiffGold on Instagram: www.instagram.com/schiffgoldnews SchiffGold on Twitter: twitter.com/SchiffGold SchiffGold on Facebook: www.facebook.com/schiffgold SchiffGold's website: www.schiffgold.com The above references an opinion and is for information purposes only. It is not intended to be investment advice.