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BottomBounce

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Alias Born 08/13/2010

BottomBounce

Re: None

Monday, 07/08/2024 3:54:06 PM

Monday, July 08, 2024 3:54:06 PM

Post# of 8646
Central bank demand
Central banks in emerging markets have been buying record amounts of gold in recent years, including over a thousand tons in 2024.
Federal Reserve interest rates
If the Federal Reserve cuts interest rates, it could encourage non-commercial demand for gold, which could help it reach $3,000 per ounce. $GLD

https://www.cnbc.com/2024/06/24/gold-could-rally-to-3000-over-the-next-12-18-months-according-to-bank-of-america.html#:~:text=Spencer%20Kimball@spencekimball,of%20around%20$2%2C200%20per%20ounce.

Nothing I say, post, or do should ever be considered financial advice. I may be holding a long, short or no position. I am NOT or NEVER have I been compensated to post on here or anywhere and all my posts are for entertainment purposes only.

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