Giant Gold Forecast From Celebrity Manager: The Big Rise Is Coming!

As gold prices retreated above $1,800, a gold forecast came from a company. The firm expects gold prices to continue to rise because it thinks the Federal Reserve is unlikely to bring inflation under control anytime soon.

Wilshire Phoenix manager drew attention to US data on gold price

Wade Guenther, managing partner of Wilshire Phoenix, which launched the Wilshire Shares Enhanced Gold Trust (WGLD) earlier this year, said it’s not surprising that gold has been lackluster over the summer because bond yields have soared. Yields on 10-year bonds are close to three-month highs. At the same time, Guenther noted that the yield on 10-year bonds has roughly doubled from last year.

Guenther added that gold is struggling to attract safe-haven demand as equity markets continue to slide from record highs to record highs. But Guenther also said that rising inflation and the threat of rising stagflation are forcing many investors to reassess their inflation and safe-haven protection needs. cryptocoin.com As we have also reported, for the last five months, the US Consumer Price Index has been above 5 percent. Guenther said, “If you had asked me last year, what would the gold price be if inflation were 5 percent, I would have said that we would reach record levels and return to 2,000 again.”

“Current inflation environment is not caused by consumers”

However, inflation pressures triggered expectations for the Central Bank to tighten monetary policy instead of supporting gold prices. Economists expect the Federal Reserve to cut monthly bond purchases before the end of the year. At the same time, markets are pricing in a rate hike as early as June 2022. “I feel like people still believe in the Fed, and I just don’t see the Fed getting ahead of the inflation curve,” Guenther said.

Famous Bank Warns: Gold Could Drop To These Levels!

Guenther added that the current inflationary environment is different from the past few years because it is not driven by consumer demand. Prices are rising due to major supply chain issues around the world. Some economists think it may take years to fix the global supply bottleneck. “There is nothing the Fed can do to fix the supply chain,” Guenther said. “The Fed’s tools don’t work because inflation is on the long side of the road. This is not inflation driven by consumer demand,” he says.

Gold prediction from Wilshire Phoenix manager: A rise is imminent

Not only is the Federal Reserve unable to fix the global supply chain, it’s also executive; He also noted that monetary policy can only be tightened so much. He said rising government debt is limiting how high interest rates can go. With gold prices rising above $1,800 an ounce, Guenther said he expects it to be only a matter of time before the market sees new upward momentum. Guenther added that due to the relatively low volatility, the firm’s adaptive gold-backed exchange-traded fund still continues to invest 100 percent in the gold market.

Contact us to be instantly informed about the last minute developments. twitterin, Facebookin and InstagramFollow and Telegram and YouTube join our channel!

Disclaimer: The articles and articles on Kriptokoin.com do not constitute investment advice. Cryptokoin.com does not recommend buying or selling any cryptocurrencies or digital assets, nor is Kriptokoin.com an investment advisor. For this reason, Kriptokoin.com and the authors of the articles on the site cannot be held responsible for your investment decisions. Readers should do their own research before taking any action regarding the company, asset or service in this article.

Warning: Citing the news content of Kriptokoin.com and quoting by giving a link is subject to the permission of Kriptokoin.com. No content on the site can be copied, reproduced or published on any platform without permission. Legal action will be taken against those who use the code, design, text, graphics and all other content of Kriptokoin.com in violation of intellectual property law and relevant legislation.


source site