#Goldsilverrally is gaining momentum! 🚀 Gold prices are up, trading above $2,066, and silver is breaking out, hitting $23.50. What's driving this surge?
XAUUSDT
Perp
4,929.43
-3.02%
- Central banks are buying gold at record rates, with net purchases of 228 tons in Q3 2023.
- Fed policy shifts and geopolitical tensions are boosting safe-haven demand.
XAGUSDT
Perp
75.8
-10.43%
- Inflation concerns and currency fluctuations are also contributing [1][2].
*Gold Price Predictions:*
- Goldman Sachs: $4,900 by year-end
- JP Morgan: $5,055 Q4 average
- Deutsche Bank: $4,450 annual average
*Silver Price Predictions:*
- $88 (161.8% Fibonacci extension)
- Robert Kiyosaki: $200 (near-term) and $500 (long-term)