An industry expert has advised investors to buy gold at every opportunity as the precious metal sets a course for $2500. Each window to buy in the form of temporary price drops should be exploited according to Blue Line Futures’ chief market strategist, Phillip Streible.
Streible says that gold will be particularly strong towards the end of the year – meaning the time to buy is now. He said, “The Federal Reserve is propping up all U.S. equities and the prices of most assets right now. That’s causing this fear of missing out in the equities. The reality is: on the equity side, earnings are going to continue to fall. A safety value play will come into effect and that’s where gold prices really take off because the Fed is completely handcuffed right now.” Buy now to capitalise on the looming increases as we head into the second half of 2020.