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04/07/25
08:55
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Originally posted by david25:
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We have lost 10% as the Aud rises from .60 to .66 USD. and gold should settle around $2900 when the Tariffs are abandoned. I am calling it and saying gold should be around $3850 AUD by September. 1 Institutions are downgrading their gold price forecast. 2 Institutions are shorting stocks. 3 The gold price is trading sideways and very reactive. 4 Institutions will look for other substitutes as a hedge inflation 5 There will likely be a recession by xmas which most likely will see a gold price correction on top of hedging leaving the market. 6 If the gold price retreats to $2900 followed by a recession, gold could fall further and trade at around $2350 usd
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One of the many possibilities!!