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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.

Independent, Unbiased Stocks, Equities Analysis, Valuations. Investing Insights. No Recommendations!

Saturday, March 30, 2024

Gold Is Undervalued On Several Factors

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