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home / news releases / GLDI - Gold At $4000 Is Still Possible Despite Strong Macroeconomic Statistics

GLDI - Gold At $4000 Is Still Possible Despite Strong Macroeconomic Statistics

Credit Suisse X-Links Gold Shares Covered Call ETN

2024-06-03 18:11:34 ET

Summary

  • Gold prices remain firm despite easing geopolitical tensions and inflation exceeding the Fed's target.
  • Consumer spending data suggests the US economy is not slowing down, giving the Fed no reason to ease monetary policies.
  • Citigroup expects gold to reach $3,000 per ounce, but the author believes it should be worth even more, possibly $4,000.

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For further details see:

Gold At $4000 Is Still Possible Despite Strong Macroeconomic Statistics
Stock Information
Company Name: Credit Suisse X-Links Gold Shares Covered Call ETN
Stock Symbol: GLDI
Market: NASDAQ
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