PERSPECTA

News from every angle

← Back to headlines

Gold Prices Soar, Wells Fargo Forecasts $8,000 an Ounce

Gold prices have reached new highs, driven by the 'debasement trade,' with Wells Fargo Securities predicting a potential rise to $8,000 an ounce.

16 Apr, 20:01 — 16 Apr, 20:01
PostShare

Sources

Showing 1 of 1 sources
cnbcMostly Factual135d ago

The 'debasement trade' has driven gold to new heights. Wells Fargo's bull case calls for $8,000 an ounce

"We're in the 4th debasement cycle that started in 2022," wrote Wells Fargo Securities' Ohsung Kwon.

Read full article →

Related Stories

NATO Warns of Escalating Russian Gray Zone Attacks Across Europe

33m ago

Trump Administration Announces Major Oil Deal to Replenish U.S. Strategic Reserve

40m ago

Investors Eye Jobs Data and Major Earnings Reports for Market Direction

53m ago

North Korea Replaces Defense Minister in Military Shake-Up

2h ago