Surge in Gold Price to Over $3,000: Increase in Generalist Investors Expected

In an unprecedented turn of events in the financial market, the price of the gold commodity soared beyond the $3,000 mark. As surprising as it may seem, this development is not without plausible explanation. Markets have been plagued by a plethora of socio-economic uncertainties, leading to the surge in gold prices. Specialist investors, already familiar with these dynamics, were expecting this scenario. However, it’s the generalist investors that turn the spotlight onto. Will they grasp the implication and flood into gold and mining stocks? While it’s premature to claim a definite pattern, early signs reflect an increasing inclination towards gold and mining stocks by generalist investors. A surge like this–if sustained–can usher a new era in the investment domain, effectually altering the classic investment strategies. The question rests on how far and how fast generalist investors will shift their viewpoints in response to this new reality. If they do, the gold market, both the commodity and the corresponding stocks, are likely to witness a dramatic upswing in the foreseeable future. This analysis is brought to you by Kitco News, delivering the best news on gold and precious metal markets. Read More