According to an executive at Bridgewater Associates, the world’s largest hedge fund, gold could soar above $2,000 an ounce in the not-too-distant future.
Greg Jensen, the firm’s co-chief investment officer, cites a range of factors: geopolitical tensions in the Middle East, especially between the U.S. and Iran; the U.S.-China trade war; the prospect of inflation returning; a U.S. stock market he calls “frothy;” and continued low interest rates.
Jensen said the Fed could cut interest rates to zero later this year to steer the economy between recession and a reduced rate of inflation.
Those factors could push gold prices 30 percent beyond the $1,550 benchmark level as more investors seek a safe haven, he added.
TREND FORECAST: Bridgewater Associates’ forecasts of where gold is going is old news to Trends Journal subscribers. Both Ray Dalio, Bridgewater’s founder, who has been bullish on gold for several months, and Greg Jensen’s recent analysis for gold prices to rise are basically word-for-word what Gerald Celente has been saying since 6 June 2019, when he issued a Trend Alert to subscribers announcing the beginning of the “Gold Bull Run.”
