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Gold could hit record high of $2,500, says WisdomTree

From trustnet.com

Gold is on track to hit a new record high of $2,225 per ounce by this time next year, according to Nitesh Shah, head of commodities and macroeconomic research at WisdomTree. However, if things go right, the precious metal may shoot even higher to $2,500 per ounce. Investors in the yellow metal have had a rollercoaster over the past few years. In 2020, when the pandemic caused investors to duck for cover, it held up as a safe haven, with prices rising 17.2%. In 2021, with expectations of a recovery, it softened 3.4%. Last year was another upswing as markets were shook by rising interest rates and inflation, war in ... (full story)

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  • Category: Fundamental Analysis