Skip to main content

The gold rally could forge ahead to $4,000, but analyst says two events could turn its fortunes (CNBC)

  • Last week, gold prices surged above $2,000 per ounce for the first time.
  • “It’s quite easy to see gold going to $4,000,” Frank Holmes, CEO at investment firm U.S. Global Investors, told CNBC on Monday.
  • While Yung-yu Ma, chief investment strategist at BMO Wealth Management — U.S., agreed that there are many factors supporting gold, he pointed to two big events that could change the direction of prices.
  • https://www.cnbc.com/2020/08/10/gold-prices-amid-coronavirus-pandemic-and-us-elections.html

About the author

Newsletter Signup

GoldSeek Free Newsletters
GoldSeek Daily Edition
Gold & Silver Seeker Report
Gold Seek -- Peter Spina