Gold ready to join ‘all-time-highs club’ as US dollar and equities can’t go up forever – commodity strategist

PressBee - Russia Today :


With stock prices consistently breaking new records, a normal reversal is bound to happen sooner or later. That could boost gold to a new all-time high, says Bloomberg Intelligence (BI).
New record high prices are in store for the yellow metal in 2020 and in the new decade, according to its senior commodity strategist Mike McGlone.
Writing in the commodity outlook, McGlone said: “Absent a new higher dollar and stock-price plateau, gold is set to join the all-time-highs club.”



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Gold ready to join ‘all-time-highs club’ as US dollar and equities can’t go up forever – commodity strategist