The price of gold is rising and recently reached nearly $2,000. The current events could be the beginning of a real surge in prices, and the target of $3,000 is no longer far away. Low interest rates tend to erode the value of the dollar, and investors are turning…Continue readingInvesting in Gold: Why Its Price Could Reach $3,000?
Tag: Gold prices forecast
Gold prices surged by over 1% on Wednesday, settling at their highest point since early February, as a fresh crisis in the banking sector caused investors to turn away from riskier assets and seek safety in bullion. The risk aversion hitting markets was sparked by fears that the US…Continue readingGold Prices Surge as Credit Suisse can collapse.
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The 2023 gold rally is possible?
In 2022, gold increased by 15% at the beginning of the year due to the situation in Ukraine. Russia is a major gold producer, but it has not sold gold abroad and has even accumulated gold reserves. The G7 has banned imports of gold from Russia, but this will…Continue readingThe 2023 gold rally is possible?
Saxo Bank predicts that gold prices could reach $3,000 next year, among its ten shock forecasts. But hold on. It is not his official forecasts. Each year, Saxo study the most unlikely events for the next twelve months. But sometimes, one or the other of his shock predictions really…Continue readingGold at $ 3,000 in 2023, a shock forecast from Saxo Bank.
To summarize, the “positive” unemployment numbers are making the Fed and other investors change their outlook on the US economy at least a little. If the “good news” continues — and we highly are skeptical of this — then inflation will likely become a larger concern to the Fed…Continue readingHow Gold Could Severely Correct Soon.
I won’t ever predict exactly where I think gold is going to be in the next month, year, or decade. The reason I won’t provide such forecasts is fairly simple — economics isn’t an exact science, and all predictions should be taken with a grain of salt, a calming breath, and…Continue readingWhy Gold Price Predictions Are Usually Wrong.