Gold has broken through the $2,300 level, and one market veteran has a bullish call looking ahead
Publishing timestamp: 2024-04-05 04:11:52
Summary
Gold broke above $2300 and could hit $2600 within a year due to geopolitical factors, government money-printing, and increased demand in Asia. Interest rate cuts and central bank purchases have fueled the rally. Analysts are bullish on gold due to geopolitical tensions, potential recession, and expected interest rate cuts. Central banks and Chinese investors are increasing their gold reserves and demand.
Sentiment: POSITIVE
Tickers: @GC.1,
Keywords: breaking news: markets, gold comex (apr'23), business news, markets,
Source: https://www.cnbc.com/2024/04/05/gold-has-broken-through-2300-and-one-cio-has-a-bullish-call-.html