Nugget News April

30 Day Market Moves

Gold Outlook...Gold continues to surge to new highs as the US dollar has fallen, due to Asian countries dumping US treasuries. Equity markets have slumped this week, after crashing over 20% earlier this month, then recovering slightly. Gold is considered a safe-haven investment because it typically acts as a hedge in times of political and financial uncertainty. Prices are currently soaring amid fears of a global trade war and its potential to push the U.S and the world economy into recession.

-Traders are waiting for the next major fundamental development to drive the gold market, but the charts remain bullish. There's still plenty of safe-haven demand.

Silver Outlook...Silver is inching higher after recent losses, trading around $45 per troy ounce this week. The uptick comes as lingering uncertainty over US trade policy continues to fuel safe-haven demand for the precious metal.US dollar weakness is also helping boost the silver price. Safe-haven flows into Silver were further bolstered after US President Donald Trump called for an investigation into potential tariffs on all critical mineral imports. This move signals a more aggressive trade stance and raises the risk of tensions with key suppliers, including China. It also partially offsets the market optimism sparked by recent exemptions on certain tech products and possible exclusions for auto parts.

-Silver price rises as ongoing uncertainty surrounding US trade policy boosts safe-haven demand.

China Gold Imports...Demand for gold is so strong in China that the government has allocated additional gold import quotas for commercial banks. The government uses import quotas to limit the amount of gold flowing into the country. According to sources in China, the government upped the quotas last week to satisfy the significantly increased appetite for bullion. Officials say commercial banks requested the additional quotas. There has also been a boost in Chinese gold demand in response to a pilot program that allows insurance funds to invest in gold.

-Trade tensions have only heightened appetite for bullion, which has repeatedly touched records over the last few months.

US Dollar Weakness...The US Dollar Index is testing a key technical level that has triggered major rebounds in the past, making this an important setup for commodities and precious metals investors to watch closely. The U.S. dollar has fallen sharply since the start of the year, which has boosted commodity prices, especially metals like gold and silver, due to their inverse relationship. This decline stems from several factors, including a plunging stock market that triggered foreign capital outflows, rising recession risks and expectations of future interest rate cuts, and growing uncertainty over America’s new tariff policies. After three months of steady declines, the dollar now finds itself at a key crossroads—one that will significantly influence its next move, as well as how commodities and precious metals respond from here. The crossroads lies in the fact that the U.S. Dollar Index—a measure of the dollar’s exchange rate against a basket of major world currencies is now sitting right at a major long-term support level around 100.

-How the US Dollar Index behaves from here will have a major influence on the direction of commodities and precious metals.

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