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HULT Private Capital Watching Precious Metals

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Hult Private Capital
HULT Private Capital Watching Precious Metals

Award-winning investment boutique HULT Private Captial has been closely monitoring the precious metals markets.

In the past 30 days, both silver and gold prices have been on an uptick.


After reaching a peak on the 12th with gold over $1800 per ounce and silver above $20.80, both metals’ prices have fallen back. The choppy trading that preceded these highs was due to the predictions by traders that the US Federal Reserve would not continue its aggressive rate hikes after some relatively benign inflation readings were released on the 10th. Inflation is s ll a concern in the UK, where the most recent numbers show that they have seen a price rise of 10% over last year.


HULT Private Capital’s Singh said that the US consumer prices did not rise in July, mainly due to a significant drop in gasoline prices. The US inflation benchmark Consumer Price Index (CPI) was flat at 0% in July, a sign of relief after it had advanced 1.3% in June.

According to HULT Private Capital’s Singh, “Gold and silver both saw a knee-jerk reaction, the tamer in a on data led investors to believe that the Fed is going to be less aggressive this month. The price dipped then rose to the recent high but then has fallen back. Metal’s investors are not certain if the Fed will be ‘tame” or ‘tamer.’ The subsequent fall to today’s levels makes us believe they will be tame.”


HULT Private Capital will be watching the Fed’s coming comments looking for hints about its potential rate hike path.


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