Why gold prices could hit a new record $3,000
George Millinging-Stanley, the main gold strategy of global advisers of the state streets, says that 40% of gold continue in the last 12 months. That’s why.
Gold prices will probably not lose their shine, even after 40%, during the past 12 months.
Is SPDR GOLD shares or GLD, The largest exchange fund supported by physical gold on February 21, 2024, the largest one-day influx of $ 1.9 billion.
HotspentWe believe the requirement is on the entire board. We see institutions, or add or set a strategic asset placement type positions. We see that individual investors do the same. We see a certain amount of fomo. There is a fear of being missing when the price remains is a prices of George Fielding-Stanley, the main gold strategy of state councils of state streets of state streets told Fox Business.
He highlights three long-term growth drivers that equate more Gold genes this year.
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“We continued to buy a very strong Central Bank for official reserves. This is the last 15 years feature in the gold market, and I think it is very important when it is very important when it is very important, “explains that it is very important. “The Central Bank has largely doubled in 2022 more than 1,000 meters of tons,” he added.
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“Besides, we have seen a great increase in investments in emerging markets, especially in China, but in India and elsewhere, at the end of the year, that is, the great increase in developing markets.” “We have seen rebirth in the Western world in the Western Europe and North America, I think mainly because of it Concerns about the worldview of the US economy And for European economies, for that issue. ”
Gold prices (Trade economics)
Gold brought $ 2,947 to ounces of ounces of its record; Still milling-Stanley predicts that yellow metal can trade from the last $ 2,900 to 3,100 this year.
Inflation remains a wild card. In January, the consumer price index rose 3%, more than expected. Prices remain raised for items like beef and transport.
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Friday, Federal Reserve’s preferred inflation size In January, it increased annually by 2.5%, the main PCE increased by 2.5%. Both were in line with analysts expectations.
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