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Why this investor is bullish on gold in 2024
The price of gold reached a record high this month and a veteran gold watcher expects the precious metal to surge even higher in 2024. Gold reached US$2,135 per ounce on Dec. 3. As of Thursday, the price of gold was $2,075.39, or roughly 14 per cent higher than it was in October. John Ing, gold analyst and president and chief executive officer of Maison Placements Canada, told BNN Bloomberg he believes gold will reach $2,200 next year – a target he says he’s “talked about for many years.” In a Thursday television interview, Ing said he believes the fight against inflation is far from over, despite recent ... (full story)