Market News
Gold Could See All-Time Highs By 2021
A “solid” January payrolls report is not enough to break the current bullish sentiment in the gold market as prices hold above $1,800 an ounce.
The market’s current momentum could lead to gold testing its all-time highs by the end of the year, according to one research firm. In an interview with CNBC’s Squawk Box, David Roche, president and global strategist at London-based Independent Strategy, said that he sees gold prices pushing to $3,000 an ounce as geopolitical uncertainty weighs on global investor sentiment.
“I actually believe financial markets are now poised to crumble like a sand pile,” he said in the interview.
The comments come as gold prices continue to hold critical psychological support; February gold futures last traded at $1,846.70 an ounce, up 0.25% on the day.
