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CNBC/Lee Ying Shan/3-22-2023
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‘A sooner Fed pivot on rate hikes will likely cause another gold price surge due to a potential further decline in the U.S. dollar and bond yields,’ said Tina Teng from financial services company CMC Markets. She expects gold will trade between $2,500 to $2,600 an ounce.”
USAGOLD note: CNBC’s Shan interviews gold experts on the metal’s future prospects in light of the ongoing bank crisis. The consensus is bullish. Strong demand is developing among investors looking for a way to preserve capital during uncertain times.
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