Gold could hit $2,000 in a world full of negative yields

From cnbc.com

video In a world full of negative yielding debt, hard assets like gold could become even more attractive, and some strategists say a case could be made for a $2,000 per ounce price tag on the precious metal. Gold futures were at $1,513.80 an ounce Tuesday, down about 0.2%. In late May, gold snapped out of its slumber, broke above $1,300 and has not looked back. In September, 2011, gold futures reached all-time high of $1,923.70 per ounce. “We have a long position trade on. We are targeting $1,585,” said Daniel Ghali, commodities strategist at TD Ameritrade. “We do think gold is on its way higher for the time ... (full story)