It’s still a good time to invest in gold. In fact, according to Kristian Hooper, Chief Investment Strategist at Invesco, “Gold prices will remain well supported through the rest of the year as rising recession and stagflation fears dominates sentiment throughout financial markets,” as noted by Kitco.com. “The Fed’s hawkish stance is helping to drive up … Continue reading “It’s Still a Good Time to Invest in Gold”
Tag: gold
Gold Could Rally to $2,500 in 2022
Gold may still be a golden opportunity. After running to $2,000 earlier this year, Goldman Sachs still believes the metal could see $2,500 by the end of the year—especially with fears of a potential recession. According to Jeff Currie, Goldman Sachs global head of commodities research, as quoted by Bloomberg, “It’s a perfect storm for … Continue reading “Gold Could Rally to $2,500 in 2022”
Gold Bull Calling for the Metal to Hit $15,000
Gold prices may have pulled back in recent weeks, but don’t count it out just yet. There are still plenty of bulls calling for further upside. For example, according to Goehring & Rozencwajg Associates, as noted by Kitco.com, “We still believe we will see a $15,000 gold price before this gold bull market is over. … Continue reading “Gold Bull Calling for the Metal to Hit $15,000”
The Top Reasons Gold Prices Could Be Heading Higher
Analysts remain bullish on gold. UBS for example believes gold could run even further and remain high “for longer than expected” on global uncertainty, as noted by CNBC. The analyst added the firm raised its forecast for gold next year from $1,850 to $2,100. “An environment of negative real interest rates and global uncertainties, such … Continue reading “The Top Reasons Gold Prices Could Be Heading Higher”
Why Gold Could Hit $3,000 this Year
Gold could hit $2,000, even $3,000 this year. At the moment, the metal is up to $1,941 after gaining $40 on the day. From here, we could see $2,000, says Goldman Sachs. Meanwhile, analysts at Citi say gold, “is expected to climb to an all-time high in the next six-to-nine months, and there’s a 30% … Continue reading “Why Gold Could Hit $3,000 this Year”
Trade War: How Investors are Protecting their Capital
Investors are in panic mode over the trade war. Not only will new 10% tariffs on $800 billion worth of Chinese imports go into effect in just weeks, China just stopped buying U.S. agricultural products. Now comes word that President Trump is “not ready for a deal” with China. In fact, he just noted the … Continue reading “Trade War: How Investors are Protecting their Capital”