Gold will stay strong long into next year according to one investment expert, who sees a new high of £2,180 ($2,900) within reach. The founder of investment firm, Dragonfly Capital, Greg Harmon says that the precious metal is now very well placed to continue on its bull run and forecasts that it will remain a very attractive prospect for investors as a safe store of wealth into the long term.
Harmon said, “Gold has just been testing the 2011 2012 highs waiting for more information. Long-term gold is in a solid uptrend and I think it has the potential to rise a lot more. With the election almost over, the potential for more inflation is a lot higher. Even if you have a split Congress, with Biden as president, you have nudged the stimulus needle a little bit more. A Biden victory should be negative for the dollar, and that should be positive for gold.”
With the dollar already struggling as the Democrat candidate nudges ahead and President Trump launches a flurry of lawsuits to stop the count, gold has already given early indications of this strength – indicating that the time to act is now. Buy gold.
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