Gold Prices Are Heading Higher as Inflation Rages. Why the Next Stop Could Be $3,000 an Ounce.
April 25, 2022
Gold bugs have been a lonely bunch, but that may be starting to change.
In the past week, gold made another run at $2,000 a troy ounce, a level above which it has closed only once, back in August 2020. The price then retreated—bullion was trading around $1,935 an ounce on Friday—making the run-up easy to dismiss as just another head fake for a metal that has trudged along as its commodity cousins have exploded upward in price.
Consider…
[ad_2]
Source link
Tags:Bitcoin, Bitcoin USD, BTCUSD, Column, cryptocurrencies, Economic News, economic performance, Economic Performance/Indicators, Economics, Economy & Policy, Federal reserve, indicators, inflation figures, Inflation Figures/Price Indices, Magazine, Markets, Nasdaq 100, NASDAQ 100 Index (NASDAQ Calculation), NDX, Politics, Precious Metals, price indices, SYND, The Economy