Gold Price Forecast Ray Dalio

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Gold price forecast ray dalio. He lowered his price forecast for gold for next year modestly due to the fact that gold is back on investors radars and the continuing bullish impact of fiscal and monetary accommodation. Dalio s call comes two weeks before the federal reserve is expected to cut its. The price of gold will be one of the primary beneficiaries of the dollar s decline with some analysts predicting a near term level of 2 500 or even 3 000.

Co cio greg jensen identified three catalysts for the coming gold surge. Https bit ly 39umqfb last week the world s biggest hedge fund manager. The price of gold jumped higher amid dalio s publishing of the post most recently up 0 7 around 1 421 an ounce.

Gold prices have risen 26 since the start of the year and hit record highs. He left his 2022 and long term price forecasts the same at 1 850 and 1 600 an ounce respectively. Visit business insider s homepage for more stories.

Wall street bought the rumor on president donald trump s phase one trade deal with china but the world s largest hedge fund says that investors should be prepared to sell the news and park their cash in the next asset primed for a surge gold. Ray dalio s bridgewater associates predicts the gold price could climb 30 to 2 000. Billionaire investor ray dalio s hedge fund poured more than 400.

The average price target is 83 29 suggesting an 11 upside from the current share price of 74 50. Ray dalio warns that the u s. Dalio s latest comments come less than a week after greg jensen co chief investment officer at bridgewater associates said in an interview with the financial times that he sees gold pushing to 2 000 an ounce.

Dollar is under threat as the world s reserve currency as the federal reserve s unprecedented fiscal stimulus has weakened it. Dalio has been fairly bullish on gold and for nearly three years has advocated that investors hold at least 5 to 10 of their portfolio in gold.