Gold Surges Past $4,600 As Peter Schiff Tells Bitcoin Holders To Sell

Wall Street bereft of bears after gold smashes $4,600/oz, Main Street bolsters bullish majority with Warsh, PCE in focus

– Gold prices surged to their third straight weekly gain, as concerns over U.S. debt sustainability, a weaker dollar, and the Treasury Department’s surprise move to expand long-dated bond buybacks helped the precious metal break above $4,600 per ounce. Spot gold kicked off the week trading at…

Gold Breaks Above $4,600 as Investors Seek Safety

Gold has broken above the $4,600-per-ounce level, extending a powerful rally that has pushed the precious metal deeper into uncharted territory. The move represents another major milestone for an asset that has increasingly become a preferred store of value as investors navigate inflation concerns, monetary-policy uncertainty, geopolitical tensions, and shifting expectations across global financial markets. […] The post Gold Breaks Above $4,600 …

Gold Surges Past $4,600 As Peter Schiff Tells Bitcoin Holders To Sell

Gold surged above $4,600 per ounce as concerns over U.S. debt, the dollar and inflation drove another wave of buying across hard assets, strengthening Peter Schiff’s argument that investors should favor bullion over Bitcoin. Comex gold ended Friday at $4,624.10, up 5.6% for the week and more than 14% over three weeks. Silver climbed to $69.466, while Bitcoin traded near $78,000 after its own explosive weekly rally. Schiff called Bitcoin’s move a…