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War-time economy and gold's $2k target

Posted by David Ogden on February 26, 2023 - 8:12am Edited 2/26 at 8:19am

War-time economy and gold's $2k target

Gold is at a pivotal point as prices approach $1,800 an ounce. Analysts say that gold is at risk of a much deeper selloff if that support level is lost. Here's a look at Kitco's top three stories of the week:

3. The hawkish Federal Reserve minutes from February.

2. Gold's ticket to $2,000 is U.S. recession, and that is looking more likely, says Bloomberg Intelligence

1. Rising geopolitical uncertainty could create a war-time economy that drives gold to $2,000 - BCA

By Anna Golubova

For Kitco News

Time to Buy Gold and Silver