Gold is a political metal, and also takes on U.S. treasuries, stated Luke Gromen, president of Forest for the Trees, as well as because of this, government authorities have actually historically been attempting to "handle the rate."
Gold has the potential to reach $6,000 an ounce however is being held back, Gromen said.
0:00 – Gold has been 'taken care of'.
4:14 – Gold expectation for 2021.
7:06 – Monetary stimulation as well as gold.
9:30 – Supply chain disturbances.
10:51 – Bond returns.
12:50 – Gold rate upside.
16:00 – What's holding gold back from reaching $6,000?
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