A gold target of $3,200 was just issued after gold’s lengthy consolidation.
February 4 (King World News) – Alasdair Macleod, London precious metals analyst: “Interest rates are going to rise a lot more than anyone thinks, which will take bond yields with them this year. And the effect of that is going to be catastrophic for financial assets. But given that gold correlates with the rise in interest rates, a rising gold price is inevitably what we’re going to see.
So the situation is very interesting from that point of view. We’ve had a consolidation of 17 months from the August 2020 high for gold with gold basically moving sideways and establishing around about the $1,800 level as being the level from which it will break.
Gold Surged 78% Prior To 17 Month
And if you look at the move into this, the move into this was a 78% rise, so the move out of this is likely to be a 78% rise from $1,800. So we’re talking about a price over $3,200. We can certainly…to continue listening to Alasdair Macleod discuss $3,200 gold and more CLICK HERE OR ON THE IMAGE BELOW.
© 2022 by King World News®. All Rights Reserved. This material may not be published, broadcast, rewritten, or redistributed. However, linking directly to the articles is permitted and encouraged.