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BMO bullish scenario sees gold at $8,650 and silver at $220 by 2027
Surging momentum in gold and silver reflects a shifting order in the global marketplace, as uncertainty over the future of government balance sheets and fiat currency resilience dominates investor sentiment, according to one Canadian bank. In their latest precious metals note, commodity analysts at BMO Capital Markets embarked on a bullish thought experiment, examining the current drivers for gold and what they mean for prices through the rest of the year. The analysts note that gold’s push above $5,000 an ounce in the first month of the year puts prices above their first-quarter forecasts from December. “The ... (full story)