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$5,000 gold is back in play, and $10,000 is a matter of 'when, not if'
Source: kitco.com
Commodities & Raw MaterialsSovereign Debt & RatingsInvestor Sentiment & PositioningMarket Technicals & Flows
Gold’s recent correction is viewed as unlikely to derail the long-term bull case, with renewed focus on unsustainable sovereign debt supporting demand. One strategist says $5,000/oz by year-end is again “firmly back in play,” implying a bullish rebound narrative despite the near-term pullback.
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