Jerome Powell's hawkishness at last week's Jackson Opening Symposium created uncertainties in gold investors' minds, sending out the yellow steel to trade laterally for the last couple of days.
Volatility for gold presents a chance to buy on the dips, claimed Frank Holmes, Chief Executive Officer of U.S. Global Investors that stated that "if you're not long, you're wrong."
Holmes has previously required gold to strike $4,000 an ounce in a couple of years' time. His lasting forecast is based upon using gold's performance during the last time the Fed expanded its balance sheet between 2009 to 2011.
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