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Veteran Investor Bullish On Gold

2020-07-29 1 Dailymotion

Gold is on the rise.<br />According to Business Insider, analysts do not see any sign in it slowing down.<br />Investor Barry Dawes of Martin Place Securities said that he expects gold prices to rise to $3,500 in the next 2 years.<br />"What is really significant is how quickly it went through that $1,923 which was the previous high," he said on CNBC.<br />Gold hit its highest ever level this week on a weakening dollar and rising tensions between US and China.<br />This week, Goldman Sachs also upgraded its 12-year forecast for gold to $2,300 up from $2,000 per ounce.

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