Disclaimer:

Disclaimer: The blog posts and comments on this blog and posts on social networks are not investment recommendation, are provided solely for informational purposes, and do not constitute an offer or solicitation to buy or sell any securities. The opinions expressed on the blog are Petar Posledovich's. Petar Posledovich does not guarantee the accuracy of the information presented on this blog and social networks. The information presented is "as is". The blog is stocks analysis and valuation, Bitcoin, Cryptocurrencies, Artificial Intelligence, AI, deep-learning focused. Independent, unbiased AI insights. Petar Vladimirov Posledovich is not liable for any investment losses incurred by reading and interpreting blog posts on this blog and posts on social networks. Conflicts of interest: I may possess some of the securities, currencies or their derivatives mentioned in the blog post and posts on social networks! The blog is property of Wolfteam Ltd. www.wolfteamedge.com Respectfully yours, Petar Posledovich

Saturday, March 30, 2024

Gold Is Undervalued On Several Factors

 


Gold is undervalued on geopolitical tensions, Bitcoin's rise and money tightening by the Federal Reserve.

The only thing holding a remarkable rise of the price of gold up until now was the relatively high target for the Federal Funds Rate of 5.50 %. Now, that the Federal Reserve is intent on lowering the interest rate target and another geopolitical conflict emerged, the price of gold could reach 2 500 USD a troy ounce in 2024, according to Wolfteam Ltd.'s estimates.

Gold mining stocks are thus undervalued.

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