Gold prices pulled back on Tuesday after climbing early going into the midterm elections. The precious metal’s price action is drawing the attention of two investment banks which have totally opposite expectations. Wells Fargo predicts gold prices will rally in the next few quarters, while Macquarie is predicting a pullback. However, what’s interesting is that despite their opposite commentary, both firms seem to be expecting roughly the same price in the coming months—and it’s nowhere near the $10,000 per ounce another gold expert forecasted a couple months ago. Q3 hedge fund letters, conference, scoops etc Seeking a safe haven in…
Gold Prices: Two Opposite Views, Same Predicted Result
Michelle deBoer-Jones
Michelle deBoer-Jones is editor-in-chief of Hedge Fund Alpha. She also writes comparative analyses of stocks for TipRanks and runs Providence Writing Services. Previously, she was a television news producer for eight years, producing the morning news programs for NBC affiliates in Evansville, Indiana and Huntsville, Alabama and spending a short time at the CBS affiliate in Huntsville.
