Gold Market to Remain Strong, Analyst Targets $7,000 Price

Adam Rozencwajg, a prominent figure at Goehring and Rozencwajg, an esteemed research firm specializing in contrarian natural resource investments, envisions a robust and lasting bull market for gold. 

He attributes this outlook to escalating geopolitical tensions, central banks’ endeavors to de-dollarize, and mounting concerns about inflation. Rozencwajg predicts a substantial rise in gold prices, with projections ranging from $5,000 to $7,000 per ounce. He emphasizes the unprecedented scale of central bank gold purchases, particularly among BRICS nations shifting away from the U.S. dollar. 

Rozencwajg expresses his belief that we are in the early stages of a prolonged gold bull market, hinting at the potential for prices to surge significantly. Additionally, he underscores the attractiveness of uranium investments due to structural shortages and hints at the potential emergence of a new gold-centered monetary system.

Clever Robot News Desk 29^th May 2024