Why gold’s $220 surge is not over


Gold is making some big strides, rising above $1,900 an ounce for the first time since January. And gold bulls now want to see the $2,000 an ounce gold price target happen.

Some of the main triggers behind the move are a weaker U.S. dollar and crypto volatility. Here’s a look at Kitco’s top three stories:

3. Central banks turning to gold again, Bank of Thailand buys 43.5 tonnes in April https://www.kitco.com/news/2021-05-26/Central-banks-turning-to-gold-again-Bank-of-Thailand-buys-43-5-tonnes-in-April.html

2. Ray Dalio: ‘I have some bitcoin, I’d rather have bitcoin than a bond’ https://www.kitco.com/news/2021-05-24/Ray-Dalio-I-have-some-bitcoin-I-d-rather-have-bitcoin-than-a-bond.html

1. Ultimate gold price target is $5,000-$10,000, says Guggenheim’s Scott Minerd https://www.kitco.com/news/2021-05-26/Ultimate-gold-price-target-is-5-000-10-000-says-Guggenheim-s-Scott-Minerd.html
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