The gold and silver markets are experiencing a turbulent period influenced by global political events, economic concerns, and shifting investor sentiment. Following the U.S. election, both precious metals saw sharp declines before staging partial recoveries.StoneX Head of Market Analysis Rhona O'Connell released a note Monday breaking down the turbulent November.Peace agreement rumors lead lossesGold prices initially dropped 9% after the election but quickly regained ground, rallying by 7% to $2,720 per ounce as investors seized the buying opportunity. However, reports of potential peace deals between Israel and Hezbollah saw gold retreat by $90 on Monday, November 25. This chart shows a rocky November for gold prices. (Source: TradingView) (credit: PR)Key drivers behind gold's movements include the anticipated appointment of Scott Bessent as U.S. Treasury Secretary. Known for his expertise and pragmatic approach, Bessent's selection has been well-received, potentially easing economic uncertainty. However, his appointment also contributed to the market's cautious retreat as optimism grew over reduced geopolitical tensions.Looking ahead, gold remains well-supported on dips due to persistent geopolitical risks, strong central bank purchases, and increased demand from professional investors. Analysts expect continued volatility with new price highs on the horizon, though not imminent.Silver favored heading forwardSilver's post-election decline was steeper, falling 14% from $34.50 to $29.70 per ounce. Its subsequent recovery was more muted, rallying just 7%, as ongoing economic challenges in Europe and China weighed on the market. Unlike gold, silver ETFs have seen mixed activity, with some profit-taking limiting gains. Silver has also underperformed in November. (Source: TradingView) (credit: PR)Despite this, silver remains a favored long-term investment. However, its outlook is tempered by disappointment over China's lackluster stimulus measures and Europe's persistent economic woes.Gold ETFs show significant profit takingGold and silver ETFs have shown contrasting patterns. Gold ETFs have seen significant profit-taking, with holdings declining by 33 tons since October. Yet recent data suggests renewed investor interest as prices near $2,700. Silver ETFs, by contrast, have faced net redemptions, with holdings dropping by 268 tons, though the scale of selling has been modest relative to total supply.On the COMEX, both metals saw substantial reductions in speculative positions post-election, signaling a cautious approach among traders.Geopolitical landscape moving forwardGeopolitical risks, including tensions in the Middle East and the shadow of conflict in Europe, remain dominant tailwinds for gold. Central bank purchases continue to underpin the market, while the emergence of shadow banking risks evokes memories of the 2008 financial crisis, adding to investor caution.Headwinds for gold include potential de-escalation of global tensions and a return to tighter monetary policies. Meanwhile, silver's headwinds are tied to economic stagnation in major markets.As the year approaches its close, gold and silver are up 28% and 27%, respectively, year-to-date. While gold's fundamentals suggest a peak could occur next year as geopolitical and economic stability improves, silver's recovery may lag as it grapples with more immediate economic pressures.In the short term, gold's path remains resilient, buoyed by consistent demand and investor interest. For silver, patience will be key as global economic conditions evolve.Follow us on X for precious metals news @JPost_MetalsFeatured Gold & Silver Investment Companies (Ad)Augusta Precious Metals(Full Review) Fees:$0 (10 Years)Minimum:$50,000(5)Fees:$0 (10 Years)Minimum:$50,000"Best Overall" by Money Magazine, Award-Winning for 6 Years, Thousands of 5-Star RankingsExpand DetailsRenowned for its exceptional customer service and commitment to transparency, Augusta Precious Metals has garnered numerous accolades, including "Best Overall" from Money magazine and "Most Transparent" from Investopedia. The company's dedication to educating and supporting its clients has earned it top ratings from organizations such as A+ from BBB and AAA from BCA. See Offer Goldco (Full Review) Fees:VaryMinimum:$25,000(4.8)Fees:VaryMinimum:$25,000Industry leader with over $2 Billion in gold and silver. Top rated precious metals company with buy back guaranteeExpand DetailsFrom precious metals iras to direct purchases of gold and silver, goldco have helped thousands of americans place over $2 billion in gold and silver. Top-rated precious metals company rated A+ by the better business bureau rated triple a by business consumer alliance earned over 6,000+ 5-star customer ratings Money.Com 2024 best customer service 2024 inc. 5000 regionals: pacific ranked #17 2024 gold stevie award, fastest growing company inc. 5000 award recipient, 8+ years See Offer American Hartford Gold (Full Review) Fees:VaryMinimum:$10,000(4.7)Fees:VaryMinimum:$10,000American Hartford Gold, ranked #1 Gold Company on Inc. 5000, boasts thousands of A+ BBB ratings and 5-star reviews, endorsed by Bill O'Reilly and Rick Harrison..Expand DetailsWith over $2 billion in precious metals sold, American Hartford Gold helps individuals and families diversify and protect their wealth. Their expert team provides investors with the latest market insights and a historical perspective, ensuring informed decisions. Trusted by public figures and praised for exceptional customer service, the company offers competitive pricing on top-tier gold and silver coins, backed by a 100% customer satisfaction guarantee See Offer .bs-list-item .fake-br-for-article-body { display: none; } .bs-container { width: 100%; max-width: 671px; margin: 0 auto; } .bs-row { display: flex; flex-wrap: wrap; width: 100%; } .bs-list-item { display: flex; flex-direction: column; width: 100%; border-bottom: 1px solid #ccc; border-top: 1px solid #ccc; padding: 10px 0px 15px; } .bs-service-name { margin-bottom: 15px; padding-bottom: 8px; border-bottom: 1px solid #ccc; } .bs-service-name p { padding-top: 3px; line-height: 12px; font-weight: 700; color: #b71313; letter-spacing: 2px; margin: 0; text-transform: uppercase; } .bs-col-wrapper { display: flex; flex-direction: row; flex-wrap: wrap; } .bs-col-wrapper .bs-brand-logo { flex: 0 0 auto; width: 30%; } .bs-col-wrapper .bs-brand-cta { flex: 0 0 auto; width: 20%; } .bs-col-wrapper .bs-brand-logo a { display: contents; } .bs-col-wrapper .bs-brand-info { flex: 0 0 auto; padding-right: 10px; width: 50%; } .bs-col-wrapper .bs-brand-logo { padding-right: 30px; display: flex; flex-direction: column; align-items: center; justify-content: center; } .bs-col-wrapper .bs-brand-logo img { vertical-align: middle; max-width: 150px; width: 100%; margin: 0; margin-bottom: 10px; } .bs-col-wrapper .bs-brand-logo img.mfp-image-popup-container-link { max-width: 150px !important; width: 100%; } .bs-col-wrapper .bs-brand-logo img.mfp-image-popup-container-icon { width: 20px; margin-bottom: 0px; top: 0; right: 0; } .bs-col-wrapper .bs-brand-logo .brand-rating, .bs-col-wrapper .bs-brand-logo .rating-img { display: flex; flex-direction: row; align-items: center; max-width: fit-content; padding: 0; } .bs-col-wrapper .bs-brand-logo .rating-img { list-style: none; gap: 2px; } .bs-col-wrapper .bs-brand-logo .rating-img li { display: flex; align-items: center; width: 97px; -webkit-background-clip: text !important; -webkit-text-fill-color: transparent; background: linear-gradient(90deg, #f5a100 100%, #c2c2c2 0%); } .bs-col-wrapper .bs-brand-logo .rating-img li::after { /* content: "☆★"; */ content: "★★★★★"; color: #f5a100; line-height: 18px; margin-top: 2px; letter-spacing: 2px; } .bs-col-wrapper .bs-brand-logo .rating-img li { display: flex; align-items: center; } .brand-rating.goldco_rating .rating-img li{ background: linear-gradient(90deg, #f5a100 90%, #c2c2c2 90%); } .brand-rating.birch_gold_group .rating-img li{ background: linear-gradient(90deg, #f5a100 88%, #c2c2c2 88%); } .bs-col-wrapper .bs-brand-logo .brand-rating span { line-height: 16px; margin-left: 5px; font-weight: 600; } .bs-col-wrapper .bs-brand-info { line-height: 25px; display: flex; flex-direction: column; align-items: flex-start; justify-content: center; gap: 5px; } .bs-brand-info p.content-text { line-height: 22px; max-height: 80px; overflow: hidden; transition: max-height 0.3s ease; position: relative; } .bs-brand-info p.content-text.expanded:after { display: none; } .bs-brand-info p.content-text.expanded { max-height: none; } .bs-brand-info details { } .bs-brand-info details summary { color: #038cfc; font-weight: 600; margin: -0.5em -0.5em 0; padding: 0.5em; padding-bottom: 0; cursor: pointer; max-width: fit-content; } .bs-col-wrapper .bs-brand-cta { display: flex; align-items: center; } .bs-brand-cta a { background: #cb0f3e; color: #fff !important; padding: 16px 10px 11px; border-radius: 5px; width: 100%; max-width: 150px; margin-left: auto; text-align: center; text-decoration: none !important; line-height: 18px; transition: all 0.3s; display: flex; align-items: center; justify-content: center; gap: 8px; } .bs-brand-cta a:hover { background: #f52257; } .bs-brand-cta a svg { width: 19px; margin-top: -4px; } .bs-pricing.show-mob { display: none; } .bs-pricing { display: flex; flex-direction: row; flex-wrap: wrap; width: 100%; margin-bottom: 10px; } .bs-pricing .bsp-text span { line-height: 10px; font-weight: 700; } .bs-pricing .bsp-text p { line-height: 16px; text-align: center; text-transform: capitalize; } .bs-col-wrapper .bs-pricing .bsp-text { width: 50%; display: flex; flex-direction: row; align-items: center; gap: 5px; } /* --------- */ .bs-col-wrapper .article-image-in-body { margin-bottom: 0px; } @media screen and (max-width: 767px) { .bs-col-wrapper { gap: 0px; } .bs-col-wrapper .bs-brand-logo { width: 100%; flex-direction: row; align-items: center; justify-content: flex-start; gap: 15px; } .bs-col-wrapper .bs-brand-logo img { margin-bottom: 0; } .bs-col-wrapper .bs-brand-info, .bs-col-wrapper .bs-brand-cta { width: 100%; } .bs-col-wrapper .bs-brand-logo, .bs-col-wrapper .bs-brand-cta { padding: 0; } .bs-col-wrapper .bs-brand-logo .brand-rating span { line-height: 14px; } .bs-col-wrapper .bs-brand-info { margin: 15px 0px 10px; } .bs-brand-cta a { padding: 17px 10px 13px; line-height: 16px; max-width: 100%; } .bs-brand-info p.content-text { line-height: 22px; max-height: 66px; } .bs-brand-info a { line-height: 15px; margin-top: 5px; } .bs-brand-info a img { margin-top: -3px; } .bs-brand-info p.content-text:after { content: ""; bottom: 0px; height: 40px; } .bs-pricing { display: none; } .bs-pricing.show-mob { display: flex; flex-direction: column; width: 100%; gap: 5px; } .bs-col-wrapper .bs-pricing.show-mob .bsp-text { width: 100%; } .rating-fees-wrapper { width: 100%; } .bs-pricing .bsp-text span, .bs-pricing .bsp-text p { line-height: 30px; } .bs-col-wrapper .bs-pricing .bsp-text { justify-content: flex-start; } }
