Prediction: Gold Will Rise Back to Over $5,000 Before the End of the Year
There are multiple concerning headwinds that could weigh on the market before the end of the year, prompting investors to load up on gold again.
Overview
Earlier this year, the price of gold hit record highs of more than $5,000 per ounce. While it has fallen sharply since then, I believe it'll get back to those levels before the year is over.
Gold is in high demand when investors are worried about the stock market or the economy as a whole. Although the market is doing well and the S&P 500 has hit new records this year, I don't think that the excitement will last. Here's why.
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Originally published at www.fool.com.
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Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.