3000

David Rosenberg bullish on Gold $3000

Gold poised to hit $3,000/Ounce as upcoming Fed rate cuts occur, top economist David Rosenberg says.

Gold poised to hit $3,000/Ounce as upcoming Fed rate cuts occur, top economist David Rosenberg says.

$3,000 before the next business cycle shift — a 30% increase from current levels 

$3,000 before the next business cycle shift — a 30% increase from current levels 

David asserts that the ongoing rally is remarkable as it transcends common macroeconomic hurdles such as a robust dollar and declining inflation forecasts.

David asserts that the ongoing rally is remarkable as it transcends common macroeconomic hurdles such as a robust dollar and declining inflation forecasts.

Record High Prices: Gold prices have surged to new heights, reaching a record of over $2,380 per ounce. This impressive rally has outpaced the S&P 500 index, making it a standout performer in the financial markets

Potential for Further Gains: Analysts at Bank of America predict that gold prices could climb another 26%, potentially reaching $3,000 per ounce by next year.

Potential for Further Gains: Analysts at Bank of America predict that gold prices could climb another 26%, potentially reaching $3,000 per ounce by next year.

Interest Rate Expectations: The possibility of interest rate cuts by central banks has further fueled gold’s ascent.  Investors seek alternatives to traditional bonds and other low-risk assets, driving up gold demand.

David said in a recent note that the latest gold run is "especially impressive," because it not only surpassed bitcoin and every major currency, but also overcame typical macro headwinds that often depress its value.

Wait US : WARNING THESE TYPE OF statements come in news for all common people & we might be late to invest in the same.

Wait US : WARNING THESE TYPE OF statements come in news for all common people & we might be late to invest in the same.