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Gold has surged over 55% in 2023, reaching a near three-week high of over $4,100 per ounce, marking its best annual performance since 1979. Ongoing economic uncertainty surrounds the House of Representatives’ expected vote to end a government shutdown today, which influences gold’s traditional safe-haven status.
Notably, two recommendations from Eric Fry’s investment report have yielded gains exceeding 200%, while SPDR Gold Shares (GLD) recorded a 220% increase in just seven months. This reflects the broader trend in the precious metals market, which has been steadily increasing for two to three years despite recent selloffs.
Looking forward, experts suggest that fluctuations in the market may signal further opportunities for gains, as trading strategies focus on anticipated price movements and shifts in buying pressure. The recent volatility could indicate a continuation of the upward trend in the gold and silver markets.
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