February 26, 2021 : After touching a high key level in European trading, the gold market is expected to see an increase in the 10-year interest rate. Gold reached a low of $1,822 before witnessing a bargain buying. Because of the high premiums, the market has seen an increasing demand for many of the famous gold investment coins.

Following the formation of Biden’s cabinet in the previous month, things are up in the air. Of late, gold is showing excellent consolidation after hitting the $1850 level.

Gold prices slightly came down at the first trading session of the week after US Treasury yields surged to the highest in nearly 11 months in the previous session.

Gold traders are becoming a little apprehensive as the US Treasury soared to their highest levels since last year, though US inflation expectations ticked up to a six-year high.

Interestingly, the demand continues for bullion coins even though gold prices are stalling. According to the former U.S Mint Director ED Roy, the ongoing financial crisis is a significant factor causing gold to hit new record highs.

In 2020, the Mint sold 845,000 ounces of its American Eagle gold bullion coins – an overwhelming increase in sales from the previous year. There has been a remarkable increase in silver coins as well. The trend continues in 2021, with additional coins sold to satisfy the supply.

Despite this higher demand, gold prices are still consolidating and cannot move further to the key level on a sustained basis. The financial doldrum in 2008 caused panic among people, leading them to buy gold. As a result, prices were shooting up, requiring the government to inject fiscal and monetary stimulus.

Over the next three years, gold prices began to go up until they reached a new high in 2011. In the wake of COVID 19, the global economic recovery proved to be slower than expected. Consequentially, the demand and gold prices shot up and hit new highs. The situation again prompted the government to inject fiscal and monetary stimulus. There are a lot of factors at play, pointing to the rapid consolidation of the gold.

Additionally, you can also buy silver coins online. To learn more about gold and silver coins, visit https://www.mintstategold.com/.

About the Company:

Mint State Gold has helped assemble some of the world’s top-ranked collections, and they have sold some of the most prized coins known – in both cases at values in the billions of dollars.