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.
This site uses cookies to help personalise content, tailor your experience and to keep you logged in if you register.
By continuing to use this site, you are consenting to our use of cookies.