Gold Prices Surge Amid Economic Uncertainty

Investors in Americas Gold and Silver Corp (USAS) are experiencing mixed emotions as the stock has fluctuated significantly, gaining 8.27% this year but declining 10.66% in the last 30 days. The stock's price has varied between $0.20 and $0.44 over the past year, and it currently sits 37.01% below its 52-week high. In contrast, gold prices are climbing globally, with Pakistan reporting a rise of Rs. 700 to Rs. 260,700 per tola on August 20, 2024, amid ongoing geopolitical tensions and anticipation of U.S. Federal Reserve rate cuts. Gold has reached new all-time highs, driven by expectations of a rate cut and a weakening U.S. dollar, while silver prices remain stable. In India, gold prices have stabilized at Rs 72,720 for 24K 10 grams, despite fluctuations in the international market. Overall, gold continues to be a preferred asset during times of economic uncertainty, attracting both local and global investors.