The gold price outlook for 2022 and beyond: Central banks buy more gold

Lombardi Letter/Moe Zulfiqar/11-16-2021

photo of gold coins and kilo gold bar“The demand for the yellow precious metal is robust, and this could take the price of gold to a never-seen level. A gold price of $3,000 an ounce is a real possibility within a few years. By early 2022, we could even see gold prices of $2,100 an ounce. Why am I so bullish on gold? The demand side in the gold market is resilient.”

USAGOLD note: Zulfiqar advises investors to keep an eye  on momentum indicators like the MACD which is now starting to trend higher – an indication, he says, that “buyers could be coming in and taking gold prices much higher.”

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