Will gold continue to rally in Q4, 2020? [Video]
|Gold has been unstoppable throughout 2020, with the precious metal surging over 35% this year.
Gold starts the fourth quarter on a strong note after an historic announcement by the Fed to make significant shifts to its policy framework.
Last week, the U.S Federal Reserve announced that the central bank’s inflation target could exceed 2%, which would drive inflation slightly higher, whilst keeping interest rates lower for longer. This ultimately continues to fuel a very bullish environment for the precious metals.
Whilst there is no doubt that the long-term bull-market for gold remains intact, in the near-term there are two big events on the horizon that could change the direction of prices.
One is of course the vaccine and the other is the U.S Election.
Goldman Sachs has already begun preparing their clients – for what they predict could be one of the most profitable quarters ever seen!
Expect higher than usual volatility over the next quarter, as we enter a very exciting and highly lucrative event-driven period.
Where are prices heading next? Watch The Gold & Silver Club Commodity Report now with Phil Carr for the latest price forecasts and predictions:
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