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“Strong Undercurrent” for Gold Could Mean $2,000 an Ounce in the Near Future

Posted by Metals Corporate on

By John McDonald Thanks to a vast array of long- and short-term geopolitical factors and economic trends, many precious-metals analysts believe gold could hit $2,000 an ounce in the near future. While most are unwilling to predict exactly when that might happen, the most bullish believe even a relatively short-term extension of trade tensions between China and the United States could send gold through the $2,000 ceiling as U.S. fears over a national recession continue to mount. Some cite momentum that has been building since 2003 for this expectation. “In the last eight to 10 years, we’ve seen a bull...

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