Advisor Metals Precious Metals Market Update for April 11, 2025
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Is this a top in gold? Doubtful. I was asked that $200 dollars ago! The $5,000 forecast for gold that some analysts have been predicting may be within reach. Remember, nothing goes up in a straight line and nothing goes down in a straight line.
As I have been writing, the technical indicators for gold are pointing upwards, and the fundamentals are in place. I have encouraged my customers and potential customers to either buy when there is a dip in price (like this week) or buy on the momentum. Many of you have purchased recently and I anticipate many more of you will soon.
As a reminder, there are two ways to purchase physical precious metals with Advisor Metals. The cash (wired funds) purchase where the metals are delivered directly to your home or office or a rollover from an eligible retirement account into a self-directed IRA.
This week’s major economic reports were the core (less food and energy) Consumer Price Index (CPI) for March which was released on Thursday morning and had a .1% increase for the month and was up to 2.8% for the last 12 months. The prognosticators hailed this as a great number since the consensus estimate was for a .2% increase. The 12-month number was up though! And on Friday morning the core (less food and energy) Producer Price Index (PPI) decreased .1% for March with a consensus estimate of an increase of .3%. The 12-month number was up 3.4% significantly above the Fed’s 2% inflation target.
