Gold price rises
Rising higher
Gold is currently climbing on the wall of worry. Inflation and the recent banking crisis in the US are the main drivers. This week alone Gold gained +7% and is approaching the $ 2000 per ounce. If we rise above this psychological mark we are very close to the ATH.
Analyst price targets
There is a quite some interesting price predictions for this year. While a few months ago most analysts predicted a price range between $ 1500 and $ 1900 we had some really bullish forecasts. Juerg Kiener for example, an analyst from Swiss Asia Capital said a Gold price of $ 4000 is possible.
In my view
…the truth / the gold price will be probably end up somwhere in between. A new ATH above the prior $ 2071 is definitely possible and quite likely. If then FOMO kicks in, we could well rise towards 3k, who knows?
What is your expectation?
As you can see, both gold and crypto markets are performing very well for the past few days and we are seeing that in the coming days the gold market will also break its all time high and Bitcoin will also break its all time high. As far as I hear the price of gold is going to go up a lot in the next few months.
Gold might break its ATH soon but I don’t think BTC will. That will certainly take some more time. I expect that to happen next year.
It's good to see gold doing its job, I think we will see new highs before this year is over. The miners should do well also.
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Yes that is my expectation too. 👍🏻
Both gold and Bitcoin is really calming tall. I can't believe me eyes.
Hey David, yes. Very bullish week for both. 👍🏻
Honestly it is 😀