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Merrill Lynch

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Gold Projected to Soar to $3000
August 30th, 2020 - 06:00 GMT

Gold Projected to Soar to $3000

Gold is expected to shine over the next year-and-a-half on the back of expected weakness in the US due to the central bank's expansionary monetary policy, strong investor demand for the yellow metal and good recovery in the Chinese economy spurring demand, say analysts. Francisco Blanch, commodity and derivative strategist at Bank of America Merrill Lynch, sees the metal hitting $3,000 in the next 18 months as investor demand has ...
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