Bullion Dealer Talks About Fed Interest Rate News & Other News To Keep An Eye On
The price of gold, silver, platinum, and palladium is increasing and rising to its high-interest rates. Currently, the ounce of gold is around 675 or 80 bucks. Similarly, the silver price is about 19 dollars and 80 cents. So it has a little upward movement that is reasonable as compared to the gold prices. It is the quiet interpretation of interest rates, and new rates are coming today. It is a natural process, and gold, silver, and other premium prices organically go upward.
However, the most significant change is that Putin calls thousands of reservists in response to the criticism from the Kremlin regarding his movement in Ukraine. So, the food may be prepared in Europe and other places. We also notice the rewardable increase in prices of every small and significant item. His statement directly hit the markets, and prices increased to boost the market, but buyers were burdened by it. It also historically affects gold and silver prices and raises interest rates. The market interpretation is so intense that we can not predict anything according to silver and gold prices.
The premiums we get in the last two days and holding them today will not change significantly. Everything is working fine, and shipping is free for every kind of order.
So we can not anticipate any changes here and there. The new interest rates released today will cause an impact according to market manipulation. Putin’s statement causes an impact and we can say that it has a two way attack on metals. Let’s see what happens in the next few days. According to anticipation, the prices will directly impact and cause the critical interpretation of Putin’s statement and interest rate update. The prices of metals may move upward and downward, but now it will be temporary.
The prices will return to the routine at the start of the new week. We can only anticipate that the prices will immediately move upward or downwards. But it is a fact that when these types of statements come out, it causes a direct impact on the market and gives a boost to the list of new rates. The inflation rate also has a significant effect. With the highest inflation rate in history, the silver price is around 19 dollars, which will now fluctuate up or down with new interest rates.
The market’s response toward the latest statement and interest rate list will be acute. It is a quick response that will not last more than a few days or weeks. The new list of interest rates on metal will be released as soon as the market opens, and vendors anticipate the new rate list according to it.
We hope this information will help you guess the new gold, silver, platinum, and palladium prices and the latest interest rates.