$3,000 Gold An Easy Path For This One Reason

"I think at the end of the year, gold would be $3,000," says Phillip Streible, Chief Market Strategist at Blue Line Futures. Streible highlights several factors driving this prediction, including a downtick in CPI, central banks hoarding gold, and ongoing geopolitical tensions. He also anticipates the Fed will cut interest rates twice, in September and December. "It seems that the Fed is completely content with the elevated inflation right now and that they're handcuffed from raising interest rates anymore," Streible explains. Beyond gold, Streible shares his optimistic outlook on commodities like silver and copper, pointing to increased demand for electric vehicles and advancements in AI. "We're seeing almost the perfect storm take place in many of these commodities," he concludes.

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