Gold price is heading back to $2,000 after playing 'second fiddle' to other assets – DailyFX

  • 11/11/2021
  • Source: Kitco
  • by: Anna Golubova
Gold price is heading back to $2,000 after playing 'second fiddle' to other assets – DailyFX
(Kitco News) After playing "second fiddle" to other assets for most of the year, gold is on its way back towards the 2020 record highs of above $2,000 an ounce, said DailyFX analyst Warren Venketas.

There is a good upside to the price of gold as markets gear up for the Federal Reserve December monetary meeting, with the U.S. inflation and employment data at the forefront of everyone's minds.

"Inflation is a big one for me. If we see inflation expectations outperforming the move in yields. That's what I'm looking for at that year-end rally. And it is in the cards. I am very bullish at this point," Venketas told Kitco News.
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