Thursday, February 25, 2021

Tag: “Boiling Conflict” to Push Gold Past $2

“Boiling Conflict” to Push Gold Past $2,000 in 2020

from Birch Gold Group:

This week, Your News to Know rounds up the latest top stories involving gold and the overall economy. Stories include: CIO of world’s best-performing fund sees gold hitting $2,000, gold is still the go-to haven asset, and Victorian-era £5 gold coin fetches nearly $700,000 at an auction.

Bridgewater CIO: Gold could hit $2,000 due to loose monetary policies and geopolitical tensions

In late 2019, Bridgewater founder Ray Dalio urged investors to increase their gold allocation, forecasting that global central banks would bring forth a new period of loose monetary policies. Now, the co-chief investment officer of the top-performing fund has shared similar views, stating that gold looks ready to hit $2,000 due to two key drivers.