Gold price is consolidating, when is a breakout happening? - Gary Wagner gives price targets

This upcoming Thanksgiving will be the most expensive ever, and inflation will continue to be a serious concern for investors, said Gary Wagner, editor of TheGoldForecast.com who advocates that gold is still the ultimate store of wealth.

On a technical basis, gold is still in its consolidating phase, Wagner told David Lin, anchor for Kitco News.

"A break above $1,880 [gold price] would really signal another breakout and we would push towards $1,990",” he said.

For more information on the main drivers behind gold and the metal’s current relationship with the U.S. dollar, watch the video above.
 

By David Lin

For Kitco News

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