Can gold go higher to hit $6000?🤔
Number is a target but the progression of going higher is likely possible due to various reason.
- Geopolitical tensions, are natural drivers for investors and banks to hoard up non equities.
- Tariff impact (new introduction leads to new uncertainty).
- Soft landing scenario now or what? With inflation remaining the same and a slight dip in unemployment rate, Uncertainty still remains. These type of environment would usually leads to a more caution behavior such as hoarding more assets than equities.
- Lastly, not forgetting the FOMOs whom will boost the gold price higher.[Spurting]
Disclaimer: This post is for general sharing of opinions and does not constitute financial advice. Always do your own due diligence (DYDD) beforehand. 📑
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