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Interest rates are likely to stay low for years as the economy fights its way back from the coronavirus pandemic, Federal Reserve Chairman Jerome Powell said in remarks published Friday afternoon.

Gold climbed, recovering from Thursday’s drop, as the dollar sank with investors weighing the impact of the Federal Reserve’s new approach to setting U.S. monetary policy.

Fed Chairman Jerome Powell is due to speak at a virtual Jackson Hole symposium on Thursday, where investors think he could outline a more accommodative approach to inflation which would open the door to easier policy for a long time to come.

The 'SHOW ME THE MONEY' moment looms ...

Societal and economic lockdowns will destroy economies and currencies ...

No "Gold Rush" Yet Despite Positive Outlook & How People Are Buying Gold in Ireland (GoldCore on RTE). Own gold in the safest way with GoldCore

Rising U.S. bond yields helped spark a sharp selloff in gold and silver Tuesday and early Wednesday, followed by a rebound.

Gold fell by nearly 6% yesterday and silver by a whopping 15%, the largest one day loss in over 7 years.

The value of gold stored for clients by precious metals broker GoldCore has surged 68% so far this year.

Concerns due to currency creation on a scale not seen since Weimar Germany

Gold and silver are set for a significant 11% and 30% gain in the month of July (see table below)
 

Gold is at new highs in nominal terms but it’s still below its inflation-adjusted record (see chart)

Manipulated weakness should be used to accumulate bullion ...

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Gold has continuing to rally breaching previous all-time highs and trading over $1,940 per ounce!