Humanity’s Age Old Obsession: Gold Price Forecast

This gold price predictions article was written by Michael Shpits, a Financial Analyst at I Know First.

Summary:

  • Gold, an ancient staple of what humans have considered wealth, is often surrounded by misconceptions on possible correlations.
  • Fabrication demand and M2 money supply correlations to gold fall apart in larger context.
  • Correlation seems to exist between the precious metal and monetary demand, closely related to faith in banks.
  • Gold remains a strong asset for risk mitigation and volatility smoothing.

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