Fed’s Tsunami of Liquidity to Send Gold Returning to Record High Above $2,000

from King World News

Fed’s tsunami of liquidity to send gold returning to record high above $2,000.

Gold Returning To Record High Above $2,000

May 27 (King World News) – Ole Hansen, Head of Commodity Strategy at Saxo Bank: Gold and to a lesser extend silver continue higher with the yellow metal getting close to a technical level that, if breached, may trigger renewed focus on a return to the August record high above $2000. Spurred on by a friendly macroeconomic environment, the yellow metal now trades up on the year following a 14% rally from the April low.

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