September 2023 in Precious Metals, by Steven Cochran
Welcome to SurvivalBlog’s Precious Metals Month in Review, where we take a look at “the month that was” in precious metals. Each month, we cover gold’s performance and the factors that affect gold prices. What Did Gold Do in September? Gold prices surprised observers by resisting selling pressure until the last part of the month. A breakdown in stocks, bonds, and gold caused by abysmal consumer confidence and plunging new home sales on September 26th pushed gold prices to $1,919. Bond yields hit 4.6% and the dollar index rose to 106.82 on the 27th, forcing December gold $29 lower and …