‘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.