Tuesday, March 2, 2021

Tag: The 3 Reasons Gold Will Remain Above $1

The 3 Reasons Gold Will Remain Above $1,600 in 2020

from Birch Gold Group:

This week, Your News to Know rounds up the latest top stories involving precious metals and the overall economy. Stories include: Why strategists expect gold to form a new base around the $1,600 level, gold could reach $3,000 by 2025, and constant gold buying shows risk aversion in the stock market.

3 key reasons why the gold market is ready to trace back to $1,600

The first week of 2020 left market participants bedazzled as gold jumped past $1,600 within a few days over concerns that the conflict between the U.S. and Iran would escalate. The metal has retraced below the level as tensions appeared to simmer, yet it remains perched around last year’s high of $1,553, last seen in 2013.