HUGE NEWS! This Is the BIG ONE for Gold & Silver Prices & It’s Starting Soon – Lobo Tiggre

HUGE NEWS! This Is the BIG ONE for Gold & Silver Prices & It’s Starting Soon – Lobo Tiggre

HUGE NEWS! This Is the BIG ONE for Gold & Silver Prices & It’s Starting Soon – Lobo Tiggre

The gold market is experiencing robust momentum, trading near session highs as US inflation pressures align with expectations. This development has led some analysts to suggest that the Federal Reserve may have room to lower interest rates at the end of the quarter. August gold futures recently traded at $2,374.40 an ounce, up 0.88% on the day, reflecting the market’s positive response to the latest economic data.
Lobo Tiggre, a respected figure in the mining and resource investment sector and founder of Louis James LLC, offers a unique perspective on the current gold market dynamics. Dismissing the notion of regular “smackdowns” in gold prices, Tiggre points out that gold has maintained levels above $2,400 for weeks, an extraordinary feat. He suggests that $2,300 has become the new baseline, much like $2,000.
Despite short-term volatility, Tiggre remains bullish on gold, citing macroeconomic factors. He believes that upcoming interest rate cuts and economists’ potential recognition of a recession could significantly boost gold prices.
As traders digest this information, attention now shifts to the upcoming release of the US Personal Consumption Expenditures Price Index following Thursday’s second-quarter Gross Domestic Product report. These economic indicators will likely be crucial in shaping market sentiment and future gold price movements.
Technical analysis suggests that gold sellers maintain control, with the 14-day Relative Strength Index holding below the 50 level, near 46. The market is testing the key 50-day Simple Moving Average at $2,360. A daily close below this level could trigger a fresh downtrend toward the 100-day SMA support at $2,324.
The Chinese gold market is experiencing what some analysts call an “unshakeable bull market,” driven by structural changes and economic uncertainties. Despite price sensitivity in the market, several factors are converging to boost gold demand in China, creating a complex and dynamic situation.
Lobo Tiggre points out that China’s cautious economic environment has unexpectedly benefited gold prices. He suggests that increased gold buying in China is primarily a result of consumers internalizing a grim financial outlook and seeking safe-haven assets.
This sentiment is echoed by broader market analysis. Lower interest rates and rising economic uncertainties fuel demand for gold, even as surging prices cool traditional jewelry purchases. This shift indicates a changing perspective on gold’s role in personal and national finance strategies.
At the national level, China’s central bank has been on a notable gold-buying spree in recent months, accumulating hundreds of tonnes. Analysts attribute these significant purchases to growing concerns about potential US financial sanctions and questions surrounding the sustainability of US sovereign debt. This move reflects a broader diversification and risk management strategy at the state level.

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