8.25.25 - Metals to 'Beeline' to All-Time Highs

8.25.25 - Metals to 'Beeline' to All-Time Highs

Gold last traded at $3,364 an ounce. Silver at $38.56 an ounce.

Gold and Silver About to 'Beeline' to All-Time Highs, According to Fundstrat Analyst -The Daily Hodl

A top analyst at the investment firm Fundstrat says that precious metals are primed to skyrocket to new all-time high (ATH) prices.

In a new interview with Fox Business, Mark Newton, Fundstrat's head of technical strategy, says that gold and silver should "make a beeline" toward new record prices by October, as he anticipates the Fed announcing a series of rate cuts.

"I like [gold and silver] a lot. I think both of them are actually bottoming today and should actually make a beeline towards the highs between now and October.

So, seasonally, it's a great time. Today's move did make little minor breakouts in this short-term trend. Real rates continue to roll over. We know the Fed's got about four cuts between now and next summer. I love the metals.

For those that are considering diversification, maybe they're too top-heavy in software, look at the precious metals. Gold, silver [is] not necessarily precious metals, but still very important. And I like them both."