by Bob Bryan
Here’s a bold call.
After the post-Brexit, face-ripping comeback in gold prices, Christopher Wood at CLSA believes that the precious metal is set up to more than triple in price.
Since the start of 2016, gold bullion has gained 24.6%, said Wood, who has been high on gold for some time now, and the risks to the global economy and safe-haven nature of the commodity will make it the go-to investment.
“A long-term bullish view is maintained on gold bullion, with the ultimate price target now set at $4,200 an ounce,” Wood wrote in a note to clients on Tuesday.