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Coy Wells

Market Insider: July 9, 2024

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U.S. Money Reserve

Jul 9, 2024

Bank of America analysts recently predicted that gold prices will surge to $3,000/oz. by 2026, citing among other reasons a recent survey of central banks by the World Gold Council that found a record level of intent to increase national gold reserves.

Extraordinary market pressure, unprecedented economic uncertainty, and political upheavals around the world have kept gold front of mind for central banks.”

—Shaokai Fan, global head of central banks for the World Gold Council

What other factors are currently boosting predictions for future gold prices, and how might these predictions continue to evolve over the next few years?

Click on the video link below for exclusive insights on this topic from U.S. Money Reserve’s Coy Wells.

Related headlines from around the web:

  • Fox Business: “Central banks grew their gold reserves in 2023 as analysts see potential price surge”
  • CNBC: “Gold could rally to $3,000 over the next 12–18 months, according to Bank of America”
  • Barron’s: “Gold Is Near Record Highs. Financial Advisors Still Recommend It.”

Enhance your portfolio with precious metals today.

Widespread market forces like central bank demand, geopolitical tensions, and monetary policy may continue to drive gold prices higher. Gold has also historically been used as a hedge against economic uncertainty and market turbulence. Now may be the perfect time to add wealth protection to your portfolio in the form of physical gold.

Watch U.S. Money Reserve’s “Market Insider” each week for more economic insights. Nothing herein should be considered as portfolio or retirement advice as U.S. Money Reserve (“USMR”) cannot and does not offer financial advice. Clients should consult a financial advisor for specific advice. This commentary is provided by USMR for informational purposes only and is provided on an “as is” basis without any warranty of any kind, whether express or implied. Your use of the information provided in this commentary is entirely at your own risk. In no event will USMR be held liable for any indirect, special, incidental, or consequential damages arising from the use of information contained in this commentary.

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