UGLDF - Gold Makes Record High And Targets $6000 In New Bull Cycle
The gold price made a new all-time nominal high Monday at $1,945 per ounce. This move should not come as a surprise to anyone paying attention to the current financial landscape. The Fed has injected an unprecedented amount of new money/debt into the economy since March in efforts to avoid a collapse from the impact of the Covid-19 virus and subsequent restrictions of business activity globally. Over $6 trillion in stimulus so far is roughly double the entire amount injected during the financial crisis of 2008/09. And they are just getting started.
The Federal Reserve