‘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 UK Inflation Dips to Multi-Year Low READ MORE Gold Holds Steady as Markets Anticipate Critical U.S. Jobs Data READ MORE ZeroHedge: Two Cheers for Vivek Ramaswamy's Commentary on the Fed READ MORE Four Tech Titans Propel Stock Market to New Highs on AI Hopes READ MORE Crude Market Heats Up: WTI Climbs 3.3% as Supply-Demand Gap Narrows READ MORE Add a Comment Cancel replyYour email address will not be published.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