Gold's path to $6,000 and silver's return above $90 depend on renewed investor confidence – Metals Focus - Kitco
Gold's path to $6,000 and silver's return above $90 depend on renewed investor confidence – Metals Focus - Kitco
Source: Kitco
―
DW NOTE
Metals Focus is forecasting gold at $6,000 and silver above $90 — both levels far above today's prices of $4,164 and $57.35 — contingent on renewed investor confidence. Gold is down 21.7% from its January peak and silver has fallen 50.2% from its one-year high, despite an active Hormuz closure, a Fed rate hike on October 7, and real yields at 2.68%. If none of that brought confidence, what exactly will?