Peter Spina: U.S. markets closed as gold approaches $4.2K on rate hike sentiment

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Olga Shendetskaya

21 hours ago

Peter Spina: U.S. markets closed as gold approaches $4.2K on rate hike sentiment — Gold rises as U.S. markets close

Peter Spina, CEO at GoldSeek.com, reports that U.S. markets are closed today for holidays.

Despite the closure, gold is moving toward $4.2K as concerns over additional peak rate hikes appear to have lessened.

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Spina previously noted rising bearish sentiment around gold and silver, suggesting that market capitulation could be imminent. In an earlier report, he highlighted that gold and silver prices shifted from sharp gains to notable declines during the Iranian conflict. These developments set the stage for ongoing attention to gold price movements as market conditions evolve.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

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