The gold bull market we have seen emerging over the last few weeks looks set to go from strength to strength according to one experienced. The precious metal has been testing £1,620 ($2,000) for the last several days. All indicators are that it’s only a matter of time before the precious metal breaks through that level and soars past previous record highs.
Eric Strand, who manages the AuAg ESG Gold Mining UCITS ETC says he expects only favourable conditions for the gold market from here on out due to the global banking crisis and the possibility of a recession, which would prevent the Federal Reserve from increasing interest rates any further.
“Even if the gold market has to wait for a little [while], it will soon charge for a new all time high. Interest rates have already shown signs of ‘higher for too long,’ and causalities within the banking sector, PE, VC and real estate are now more than obvious,” he said.
There is no doubt that gold is on the rise. Don’t delay. Buy now to benefit.
