The Fed’s Growing Balance Sheet Will Drive Gold Prices Higher – Murenbeeld & Co.

from Kitco NEWS

Central banks and governments around the world are flooding financial markets with liquidity and this will push inflation pressures higher along with gold prices, according to Chantelle Schieven, head of research at Murenbeeld and Co.

The research firm has updated its forecasts for this year, saying that prices could push above $1,800 an ounce by fourth quarter of this year.

Longer term, prices could push above $2,000 by the end of next year, Schieven said.
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