![Post image](https://api.schiffgold.com/wp-content/uploads/2024/07/SchiffGold-Podcast-7.png)
GDP Gives False Optimism: SchiffGold Friday Gold Wrap July 26 2024
Gold closed the week at $2,387 (down $13) and silver at $27.91 (down 4.7%). This week’s GDP numbers give the illusion of a strong economy. In reality, the economy remains insecure. The Fed must cut rates; the recent dip in precious metals prices is unlikely to last.