Gold should be at $2,500 as Fed balance sheet hits record highs – CrossBorder Capital

Gold should be at $2,500 as Fed balance sheet hits record highs – CrossBorder Capital

Editor’s Note: With so much market volatility, stay on top of daily news! Get caught up in minutes with our speedy summary of today’s must-read news and expert opinions. Sign up here! ( Kitco News ) – The gold market is struggling to find direction. However, with prices trading below $2,000 an ounce, one market analyst still thinks there is plenty of value in the precious metal markets. Michael Howell, managing director at CrossBorder Capitale In a telephone interview with Kitco News, Michael Howell, managing director at CrossBorder Capital, said that he expects it is only a matter of time before gold prices continue to push higher as governments and central banks around the world continue to pursue aggressive stimulus policies that increase the money supply, balance sheets and deficits.

Howell’s bullish outlook on gold comments come after data from the Federal Reserve recently showed that its balance sheet rose […]

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