💰The US pays more to service its debt than its military budget.
📉Rate cut expectations are impacting gold and silver prices.
🔒The reverse repo balance is shrinking, which may prompt the Fed to cut rates.
🚀Gold is expected to break above $2,300 and settle around $2,200.
🥈Silver is projected to end the year around $26-$27, possibly hitting $28.
Why is the Fed holding interest rates steady?
—The Fed is holding rates steady to analyze the impact of shrinking reverse repo balances and gauge the appropriate time for rate cuts.
What is the reverse repo balance?
—The reverse repo balance refers to excess reserves parked at the Fed by banks, and its shrinkage may prompt rate cuts.
What is the impact of rate cut expectations on gold and silver prices?
—Rate cut expectations influence demand for gold and silver, affecting their prices in the market.
What is the outlook for gold prices in 2024?
—Gold is expected to break above $2,300 and settle around $2,200, driven by shifting rate cut expectations and increased liquidity needs.
What is the outlook for silver prices in 2024?
—Silver is projected to end the year around $26-$27, possibly hitting $28, as it follows the upward trend of gold.
00:00The US pays more to service its debt than its military budget.
02:02Rate cut expectations are impacting gold and silver prices.
06:07The reverse repo balance is shrinking, which may prompt the Fed to cut rates.
09:10Gold is expected to break above $2,300 and settle around $2,200.
11:58Silver is projected to end the year around $26-$27, possibly hitting $28.
