According to DoubleLine’s Gundlach, the price of gold is set to escalate to a staggering $4,000 on the back of robust central bank demand. This remarkable forecast is largely influenced by the current global economic environment, with central banks around the world bolstering their gold reserves to hedge against inflation.
As a reliable store of value, gold often sees increased demand during times of economic instability. Given the current economic conditions, Gundlach’s prediction seems plausible. Read More
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