Why Gold Could Be Heading To $5000 ...Middle East

Economy by : (OILPRICE) -
Gold prices were already on a tear amid wild pandemic, economic and electoral uncertainty, with big banks predicting $3,000 gold …Or even $5,000 gold …Right before Biden’s electoral victory, JPMorgan had called another 5% price hike in a “blue wave”. Though Trump loves gold and adorns everything with the precious metal, the precious metal itself was banking on a Biden win. Why? Because what it loves more than anything is the Biden-backed promise of monetary stimulus.  Historically, gold has risen consistently…

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