Precious metals took a step down this week with gold falling 1.5% and silver dropping almost 4%. This follows the FED’s decision to leave interest rates unchanged. Despite the small drop in metals, rising debt levels and the slowing of economic growth point supports the long-term increase of gold. As July wraps up, signs of precious metals seasonal weakness may be coming to an end as gold demand from China and strengthening premiums in the bullion market all suggest a bright future for gold. Thanks for listening.
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