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Gold Price Target in Hard Landing

Published 02/22/2023, 12:07 AM
Updated 07/09/2023, 06:31 AM

Classic economic indicators such as the Leading Economic Indicators (LEIs) and the yield curve are making a bulletproof case of a recession. Odds favor a recession hitting in the third quarter or later.

The average of gold’s performance around recessions shows an average move of about 20%. This starts from a low one to two months before the recession hits and continues after the first four months of the recession. Gold could drop to $1725 or even $1700 and remain in a position to test its all-time high by year-end.

Latest comments

YOU LITERALLY SAID DONT EXPECT BIG CORRECTIONS IN GOLD JUST 3 WEEKS AGO NOW YOU ARE SAYING 1720 LOL
I wish he would reply to your post, because you are right!
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