Gold and Silver Poised to Run Higher

by Andrey Dashkov
Casey Research

For once, mainstream headlines are telling the truth. The gold price has been setting new records this week. It hit an all-time high of $1,961.05 per ounce on Tuesday.

As of writing, gold is up 33% year-to-date. It has completely recovered from the COVID-19 drop in March. And it kept growing as the world kept struggling with the pandemic.

[…] I believe that the price of gold could easily go to $2,200 per ounce by the end of 2020.

As I’ll show you below, with the post-COVID economic recovery still on shaky ground, gold will continue rising.

Plus, it’s important to remember that the current price level is a record in nominal terms, but not in inflation-adjusted terms.

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