Forget $3000 Gold – It Is Worth Much More

  • The Fed’s 0.50% rate cut has driven gold prices to $2620 per ounce, with further gains expected due to potential additional rate cuts and quantitative easing.
  • Geopolitical uncertainties, such as US-China-Russia tensions and Middle East conflicts, could further boost gold prices, potentially reaching $5200 per ounce.
  • The monetary base to gold ratio suggests gold is undervalued, indicating significant appreciation potential, especially if the ratio returns to 2011 levels.
  • Risks include the possibility of less aggressive easing than expected and the Fed successfully avoiding a recession, which could limit gold’s gains.
Gold ingots and coins close up

Anthony Bradshaw

One of the most important pieces of economic news has recently been the Fed’s 0.50% rate cut. Gold has therefore touched a high of $2600 per ounce. Some economists predict the $3000 mark is possible as early as mid-2025. According to Aakash Doshi, head$3,000 per ounce

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