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https://www.*****.com/news/2020-05-11/Gold-the-sleeping-giant-3-000-price-level-could-happen.html

David LinMonday May 11, 2020

Gold, the sleeping giant: $3,000 price level could happen.

Historically, corrections in gold prices have made for sound buying opportunities, and this time is no different, said Andrew Hecht, of the Hecht Commodity Report.

In a recent article, Hecht noted that gold’s pullback below $1,700 last week could mark the start of a new bull rally.

Long-term, prices are headed towards $2,000 an ounce, with $3,000 or higher within the realm of possibility, he said.

“Gold many be sleeping for now, but much higher highs are on the horizon if the price action that followed 2008 is an example,” Hecht said.