Is gold in a new bull market phase?

Goehring & Rozencwajg/6-23-2023

“We think that gold has entered into a new phase of this bull market. It probably started in the third and fourth quarter of last year, and it really revolves around central banks’ behavior as much as anything else. I think it’s going to propel gold much much higher in this leg of the bull market.” – Adam Rozencwajg

USAGOLD note: In this interview, Rozencwajg reiterates the firm’s long-term target for gold at $12,000 to $15,000. “It has always been our long-term forecast on gold,” he said.