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- Gold prices could reach $4,000, the CEO of US Global Investors told CNBC Monday.
- Frank Holmes said: "It's quite easy to see gold going to $4,000."
- Holmes said rising monetary stimulus is the main reason gold prices can soar to that level.
- Gold broke $2,000 the first time last week, on expectations of a US stimulus bill.
- Another strategist said development of a vaccine and US presidential elections could reverse gold's rally.
- Visit Business Insider's homepage for more stories.
Gold prices could explode more than 90% and hit $4,000 in the next three years as central banks show little sign of reducing monetary stimulus, according to the CEO of US Global Investors.
Frank Holmes, CEO of US Global Investors told CNBC Monday: "It's quite easy to see gold going to $4,000."
See the rest of the story at Business Insider
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See Also:
- BANK OF AMERICA: Buy these 5 commodities now for profits into next year as pandemic uncertainty boosts their prices and lifts gold to $3,000
- The best investing stories of July: How to win the next phase of COVID-19 — 'hidden' high-upside businesses — record-cheap value stocks
- MORGAN STANLEY: The government's recession response has the stock market heading for a massive upheaval. Here's your best strategy to capitalize on the shift.
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