U.S. Millionaire Says Gold Prices 'Will Go Very High'
Millionaire and veteran investor in the U.S. markets Jim Rogers predicted that gold price s “will go very high” next. The XAU/USD index, which tracks the Spot Gold prices shows the precious above the $2,300 mark on Thursday. The commodity is attracting buying pressure from retail investors, institutional funds, and central banks of developing countries. Also Read: Goldman Sachs Predicts Copper Prices To Surge 20%, Hit $12,000 The massive accumulation is what’s driving gold price s up making it print new highs every month in 2024. Rogers explained that if there’s a problem in the stock market, gold price s stand to benefit and will be the first commodity to skyrocket. The global stock market remains on a slippery slope due to the ongoing conflict in the Middle East between Iran, Israel, and Palestine. Also Read: Chinese Businesses Hoard US Dollars Fearing the Yuan Could Weaken Gold Prices To Go ‘Very High’, Explains Jim Rogers Sour...