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Gold's bull market has room to run as inflation risks, fiscal deficits support prices - Wells Fargo
The gold market continues to regain lost ground, and although the precious metal isn’t out of danger just yet, current prices still represent an attractive entry point for investors looking to build a position, according to Wells Fargo. In the bank’s mid-year outlook webinar, Sameer Samana, Head of Global Equities and Real Assets Strategy, said there is still a risk that gold prices could fall below $4,000 per ounce, but he is maintaining a long-term bullish outlook. On Tuesday, the bank raised its year-end gold target to $5,300-$5,500 an ounce and expects prices to climb further to $5,800-$6,000 by the end of ... (full story)
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- Jun 17, 8:50pm | 3 hr ago Posted byFundamental Analysis84
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