Why New Highs in Gold and Silver Depend on Oil Prices in 2024? This Is What to Watch – Jim Wyckoff


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Explore the critical connection between oil prices and the precious metals market in this Kitco News interview. Jeremy Szafron sits down with Jim Wyckoff, Kitco’s Technical Senior Analyst, to discuss how oil’s trajectory could significantly influence gold and silver prices in 2024. Wyckoff delves into the complexities of global economic trends, the impact of central bank policies, and geopolitical factors shaping the future of these commodities.

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0:00 – Introduction and Overview
1:03 – Fed’s Influence on Gold and Silver
2:57 – Bullish Outlook on Gold Prices
4:23 – Impact of US Dollar Index on Gold
6:18 – China’s Economic Influence
7:13 – Geopolitical Tensions and Gold Prices
8:09 – Price Projections for Gold
9:33 – Economic Drivers for Silver
11:25 – Oil Prices’ Impact on Metals
13:50 – Technical Analysis of Precious Metals
16:12 – Wyckoff’s 2024 Market Predictions
17:09 – Closing Remarks and Future Outlook

#GoldAndSilver #CommoditiesMarket #OilPrices #FinancialAnalysis #KitcoNews #JimWyckoff #MarketTrends #InvestingTips #EconomicOutlook #economy #fed
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