At-a-Glance

Key Takeaways with Craig

It is no secret that the precious metals have been at the forefront of traders' minds over the past year with Gold and Silver showing significant gains near all time high levels. The Gold market today is up over $50 on the February contract and is now trading near the all time high levels achieved in October of 2024. Looking at the economic data, initial jobless claims came in better than expected while GDP came in worse than expected. 

Along with the economic data, the Fed met this week and kept rates unchanged, and the CME Fed Watch Tool is now pricing in the first rate cut of the year to come in June. This estimation can change over the course of the next few months based on many different indicators such as unemployment and inflation, but precious metals traders will be keeping an eye on guidance from the Fed to see if the current run in Gold and Silver will continue.

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Traders Resources

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