SWOT Analysis: Gold May Reach $2,500 Due to Fed Stimulus By: Frank E. Holmes, Chairman/CEO/CIO of U.S. Global Investors, Inc.,
Published: Monday, 30 March 2020
(...) The worst performing metal this week was gold, up 8.64 percent. (...) Gold may reach $2,500 per ounce in the third quarter due to Fed stimulus, says B Riley FBR analysts led by Adam Graf in a note this week. “Regardless of how much longer recession conditions will continue and how much further general equity markets might retreat, extreme monetary and fiscal stimulus policies enacted on a global basis will have repercussions.” Graf upgraded Royal Gold to buy from neutral and recommends that investors be overweight gold and gold equities, reports Bloomberg.