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

Friday, May 24, 2024

Gold Could Reach 3 000 USD A Troy Ounce In 2024

 


Gold is undervalued.

Gold’s price for a troy ounce could reach 3 000 USD in 2024 due to increasing encounters intensity and rising geopolitical pressure.

The pressure is just too much and the capital has to find a place to go for safety and gold, with possible two rate cuts in 2024 by the Federal Reserve looks like a logical choice.

Basically, gold and gold mining stocks are grossly undervalued and it is a matter of time before trillions of USDs of value in gold and gold miners is unlocked, according to Wolfteam Ltd.’s estimates.

www.wolfteamedge.com

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