Money ‘tsunami’ probably spur quadrupling of gold prices to over $5,000 – expert

collected by :kiven Dixter

Read moreIf which happens, "there Information Systems will be a tsunami of money looking for a place to go," he said Bloomberg at a mining industry conference in San Francisco. One of the industry's biggest bulls, McEwen Information Systems known for his passion for gold. The value of gold Information Systems currently hovering around $1,280 an ounce. Others tell geopolitical tensions & doubt around the world will save a bid under gold prices. Potential economic crisis, elections, military actions are some of the key universal events which can prompt gold's safe-haven allure between investors, the bank said.

'New normal' of geopolitical danger likely to boost gold prices in coming years, Citi forecasts

Gold prices are likely to be buoyed with the "new normal" of elevated geopolitical tensions over the coming years, Citi analysts told Monday. The geopolitical status for gold investment has been emboldened in recent months & it seems as powerful this day than at any point over the final 4 decades, Citi analysts said. As a result, gold prices were prediction to "push north of $1,400 per ounce for sustained periods" out of to 2020. Elections & political votes, military attacks & macroeconomic problems were recognized with Citi as some of the key geopolitical events likely to effect investment into gold. And When analysts told there wasn't a consistent pattern for gold value performance amid such times of universal uncertainty, prices were seen to have rallied further frequently during these periods.

Dubai gold prices stay lock to 1-month high

as informed in Dubai: After hitting their top standard in 1 month, gold prices in the United Arab Emirates dipped slightly on Monday next an uptick in the America dollar. Jewellery prices in Dubai had earlier chock their top in 1 month, by spot gold hight to as much as $1,297 an ounce on Friday. "Last 7 days gold prices took an unforeseen upward momentum When equities showed a uncommon of sign of weakness this year... Concerns in the America senate over Trump tax bill ought see a more 2% upward move on gold prices," Valecha said Gulf News. Gold Rate: To save up to date by gold prices, go to our gold average page.