Gold Price Surge: The Perfect Recipe for Hitting $5,000/oz | The Gold Spot

Despite what you might hear, gold prices aren't cooling off any time soon. The fundamentals suggest the yellow metal has plenty of runway left even after an impressive first half of 2024. Banks predict significant Federal Reserve rate cuts on the horizon which will act as a headwind for the #dollar and a boon to #gold.

Furthermore, the economy is still reeling from long-term #inflation, surging national debt, ongoing global conflicts, and other pressures. These obstacles only fuel the shift away from the US dollar to precious metals and other safe-haven assets as investor uncertainty mounts.

In this week's The Gold Spot, Sr. Precious Metals Advisors Steve Rand and Brian Conneely discuss why it's not too late to buy gold and why gold spot prices could hit $3,000/oz to $5,000/oz sooner rather than later.

Read more here: https://www.sbcgold.com/blog/perfect-recipe-for-higher-gold-prices/?utm_source=rumble&utm_medium=video&utm_campaign=goldspot_rmbl_08142024

⭐ RELATED LINKS:

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📈 See Live Gold and Silver Spot Prices:
https://www.sbcgold.com/charts/?utm_source=rumble&utm_medium=video&utm_campaign=goldspot_rmbl_08142024

🔗 Get Gold Bullion Bar Prices:
- https://www.sbcgold.com/buy-gold-and-silver/buy-gold-bars/?utm_source=rumble&utm_medium=video&utm_campaign=goldspot_rmbl_08142024

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⭐ Scottsdale Bullion & Coin Precious Metals Advisors in this The Gold Spot video:

👤 Steve Rand: https://www.sbcgold.com/about/steve-rand/?utm_source=rumble&utm_medium=video&utm_campaign=goldspot_rmbl_08142024

👤 Brian Conneely: https://www.sbcgold.com/about/brian-conneely/?utm_source=rumble&utm_medium=video&utm_campaign=goldspot_rmbl_08142024