Daily Gold Market Report

Gold turns to the upside on banking system worries, general economic uncertainty
Aden Forecast says ‘once gold takes off, it will skyrocket’

(USAGOLD – 4/27/2023) – Gold turned to the upside this morning as worry about the banking system and general economic uncertainty pushed back to the forefront. It is up $8.50 at $2000. Silver is up 16¢ at $25.07. The Aden sisters (Aden Forecast) have been a mainstay in financial circles for decades. Known for their straightforward market analysis, they now believe that a “big financial shift” is in the cards and that central banks and private investors are stockpiling gold to prepare for it.

“Everyone knows that gold is real money,” they say. “It has stood the test of time. It has a 5000-year track record and it’s essentially the only global currency in the world. It’s also the world’s favorite safe haven and that’s why central banks worldwide have been stocking up on gold and easing out of dollars. They see what’s happening on the economic and geopolitical fronts and they want to play it safe by accumulating real money. Private investors are starting to do the same. And once gold takes off, we believe it’s going to skyrocket.” [Source: Yahoo Finance]

2022 gold demand led by private investors and central banks matched the 2011 record

Source: World Gold Council