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25/04/2020 · Gold prices have soared over the last several months, with the metal up % yeartodate compared with a 12% decline in the SP 500. Some analysts believe the price could hit 3,000 in as little as 18 months.
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My forecast for the gold price in 2021 is based on the current environment of negative real yields, a weak dollar, rising inflation expectations, and ongoing monetary and fiscal stimulus. We also have to consider the Fed's diminishing ability to respond effectively to crisis—their "toolbox" is indeed getting low.
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