Gold Hits a Wall at $1,740

from Kitco NEWS

The biggest event that kicked everything off was the Federal Reserve keeping interest rates unchanged and signalling no rate hikes through 2022.

One of the most popular stories last week was the Australia and New Zealand Banking Group saying that gold will climb to $1,900 an ounce come December. ANZ also said that “those investors who continue to raise their allocation to precious metals are sitting on a gold mine”

Goldman Sachs also made the headlines, saying that gold could hit $1,800 an ounce in the next year, with the potential for $2,000 an once if inflation accelerates.

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