The medium and long-term prospects are fantastic, because of de-dollsrisation, which has accelerated as a result of last week’s turmoil. Make no mistake. The world is not going back to what we are used to. You will see sovereign nations start and continue purchasing large quantities of gold and increasingly silver in their treasuries.
Gold Breaks Above $3300: Can This Rally Push Even Higher?
Gold prices have surged again, climbing back above $3,300. Over the past two weeks, gold has experienced a roller-coaster ride—after nearing its historical high of $3,500 earlier this month, prices plunged to a low of $3,123 on May 15, marking a 10% pullback, only to rebound back above $3,300 this week. Online debates are heating up over whether gold is "trapping investors at the top" and whether it's still a good buy.
What’s your take? What’s your target price for gold this year? With gold rising and U.S. stocks falling, is gold better suited for swing trading in the current market?
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