GOLD 0.51% $1,391.7 gold futures

I strongly disagree. Falling interest rates and esp. negative...

  1. 3,153 Posts.
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    I strongly disagree. Falling interest rates and esp. negative interest rates (Gold price is negatively correlated to interest rates), plus central bank buying will supporting the Gold price and nudge it higher, at a minimum. There's no reason why it'll stop at any trading range, it's still a way off from it's ATH's. Given the global political and economic turmoil, any number of events can cause a spike. End game, Gold goes to >3k when the Fed goes gangbusters fighting the next recession in under 2 years.
    Last edited by gozinsa: 16/09/19
 
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