Analysts: Gold to $3,000 Per Ounce? Why Not $5,000?

Note: The information provided by Gateway Pundit or any related communications is for informational purposes only and should not be considered as financial advice. We do not provide personalized investment, financial, or legal advice.

Gold prices have been soaring to new heights, reaching a historic $2,400 per ounce this week. Renowned economist David Rosenberg, President of Rosenberg Research, believes that the momentum could carry the precious metal to $3,000 before the next business cycle shift, marking another 25% increase from current levels.
Rosenberg attributes this surge to strong demand, particularly from central banks reembracing gold as a reserve asset. Central banks have been steadily increasing their gold holdings, with a notable turnaround from -77 tonnes in 2022’s third quarter to 361 tonnes in the same period of 2023.  » READ MORE