Gold could hit $5,000 an ounce by year-end amid... - Pluang

Gold could hit $5,000 an ounce by year-end amid... - Pluang

Source: Pluang

DW NOTE

Gold is down 11.6% from its January high despite the Strait of Hormuz being closed for nine days and global oil supply down 4% on the year. The $5,000 forecast assumes investors will panic about conditions they have already priced in — or that something worse is coming that hasn't been disclosed.

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