‘Just a Matter of Time’ Before Gold Gets to $3,000 Says Bloomberg Strategist Bloomberg strategist Mike McGlone predicts gold prices will reach $3,000 per ounce, citing various economic factors. He argues that gold’s recent outperformance of major stock indices signals deeper macroeconomic issues. McGlone attributes gold’s strength to geopolitical shifts, central bank buying, and increasing market volatility. He sees gold as a safe-haven asset amid potential recession risks and peaking bond yields. While gold shines, McGlone notes a broader deflationary trend in commodities, with industrial metals declining and oil in a bear phase. This complex economic landscape, according to McGlone, positions gold for continued growth despite current market uncertainties. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts Expect Continued High Interest Rates as Fed Seeks More Progress on Inflation READ MORE Silver to $50? It Could Happen Sooner than You Think READ MORE Warning: Is the Housing Market Heading for a 50% Correction? READ MORE Major Retailers Offer Discounts to Attract Price-Conscious Shoppers READ MORE Inflation Fears Spark Rally in Gold and Oil, Casting Doubt on Fed's Strategy READ MORE Add a Comment Cancel replyYour email address will not be published. Required fields are marked *Name * Email * Save my name, email, and website in this browser for the next time I comment. Comment