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Commodities Briefing - Categorized | Bullion/Gold, Commentaries, Price Watch more

Why gold won’t hit US$1,900 an ounce

Posted on 21 September 2016

It must be a full moon. That’s when the crazy predictions seem to come out. A spot gold price as high as US$1,900 an ounce is just one of those. That’s the prediction from renowned gold bull Robert McEwen.
Speaking at a gold conference yesterday, McEwen says that record low global interest rates will cause a huge amount of anxiety for investors and they will be forced to turn to gold as a store of value and an alternative asset. Unfortunately, that’s exactly why the gold price is currently trading at around US$1,318 an ounce………………………………………Full Article: Source


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VRS - who has written 48800 posts on Opalesque Commodities Briefing.


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