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The 2nd quarter is currently looking much better for gold. The rare-earth element was up practically $50 bucks during the first week of April as it moved past its key resistance degree of $1,750. But what takes place next is important– can gold ultimately hold above this level as analysts point out strength in the metal's newest action higher?
Below's a consider our leading 3 tales from this week:
3. After putting breaks on main gold acquisitions, central banks are once again interested. Hungary tripled its gold books to 94.5 bunches. This was among the most significant main gold acquisitions in decades.
2. Gold coins are in high need as customers are making use of lower prices. In fact, UNITED STATE Mint simply saw its ideal begin to the year in greater than two decades.
1. "Real assets appear low-cost," states Financial institution of America, including that it might be the moment to lastly splurge on rubies, precious metals, property, art, classic cars, as well as various other collectibles.
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Should you be buying up real assets? Precious metals, real estate, art 'appear cheap'
The second quarter is already looking better for gold. The precious metal was up almost $50 dollars during the first week of April as it moved past its key resistance level of $1,750. But what happens next is critical — can gold finally hold above this level as analysts cite strength in the metal's latest move higher?
Here's a look at our top 3 stories from this week:
3. After putting breaks on official gold purchases, central banks are once again interested. Hungary tripled its gold reserves to 94.5 tons. This was one of the biggest official gold acquisitions in decades. https://www.kitco.com/news/2021-04-08/Central-banks-on-gold-buying-spree-again-Hungary-triples-gold-reserves.html
2. Gold coins are in high demand as buyers are taking advantage of lower prices. In fact, U.S. Mint just saw its best start to the year in more than two decades. https://www.kitco.com/news/2021-04-06/U-S-Mint-sells-412K-ounces-of-gold-coins-in-Q1-best-start-to-the-year-since-1999.html
1. "Real assets appear cheap," says Bank of America, adding that it might be the time to finally splurge on diamonds, precious metals, real estate, art, vintage cars, and other collectibles. https://www.kitco.com/news/2021-04-05/-Real-assets-appear-cheap-BofA-on-owning-precious-metals-real-estate-and-art.html
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Kitco News is the world’s #1 source of metals market information. Our videos feature interviews with prominent industry figures to bring you market-affecting insights, with the goal of helping people make informed investment decisions.
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