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Wells Fargo is predicting gold could soar to $8K per ounce by next year, nearly double what it’s worth now. Is it time to invest?
The bullish case for gold is centered on currency debasement. According to CNBC's report, Wells Fargo strategist Ohsung Kwon says the global economy has entered a fourth "debasement cycle," where rising debt, deficits and inflation chip away at the value of fiat currencies like the U.S. dollar. During times like this, investors tend to look beyond traditional systems — and, historically, gold has been a top destination for preserving wealth. Since around 2022, a mix of global shocks — including Russia's invasion of Ukraine, persistent inflation and aggressive rate hikes — has reshaped the macro backdrop. ... (full story)
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Spot gold has undergone a sharp 29% correction after peaking at an all-time high of $5,589/oz in January 2026. It breached the psychologically significant $4,000 mark in late June, finding dynamic short-term support in the $3,960–$3,970 range before experiencing a minor relief bounce to around $4,050/oz. The primary culprit behind gold’s multi-month slide ...
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Andrea knew her late aunt collected coins, but she never imagined she'd inherit a box full of gold and silver bullion. At 51, Andrea has spent much of her adult life living paycheck to paycheck. She carries credit card debt, has only a modest emergency fund and hasn't accumulated much wealth outside of her home. Now she's staring at several gold and silver ...
From financialsense.com | 22 hr ago
Long before gold was used as currency and minted into coins, it was an object of immense value to the ancient civilizations of Egypt and Sumer. It was highly prized for its scarcity, malleability, and aesthetic appeal. Before the advent of coinage, gold was used in trade but was not considered money in the modern sense. Instead, it circulated as jewelry, ...
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- Jun 28, 4:00pm | 2 hr 6 min ago Posted byFundamental Analysis70
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