Could gold hit $2000 by year end?

ETF Trends/Ian Young

“Analysts at European precious metals retailer, Degussa, also said that they see gold prices pushing higher through the rest of the year as global interest rates ultimately head lower. Degussa analysts said that they see U.S. interest rates falling to 1.25 per cent by the first half of 2020. Meanwhile, European interest rates could fall further into negative territory to -0.7% from -0.4%. With inflation expected to rise this means that real interest rates could fall in negative territory, the analysts add. This is all good news for gold.”

USAGOLD note:  We do not rate the probability high that gold will reach $2000 by the end of 2019 but stranger things have happened once the bull escapes the pen.

Repost from 7-10-2019

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