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Central banks and federal governments all over the world are flooding economic markets with liquidity as well as this will press inflation pressures greater in addition to gold costs, according to Chantelle Schieven, head of research study at Murenbeeld and Co
. The research study firm has updated its forecasts for this year, claiming that prices can push over $1,800 an ounce by 4th quarter of this year.
Longer term, prices might push over $2,000 by the end of following year, Schieven stated.
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The Fed’s growing balance sheet will drive gold prices higher - Murenbeeld & Co.
Central banks and governments around the world are flooding financial markets with liquidity and this will push inflation pressures higher along with gold prices, according to Chantelle Schieven, head of research at Murenbeeld and Co.
The research firm has updated its forecasts for this year, saying that prices could push above $1,800 an ounce by fourth quarter of this year.
Longer term, prices could push above $2,000 by the end of next year, Schieven said.
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