Gold's Next Price Target is US$2,700, Can Silver Catch Up?

Gary Wagner of ‪@Thegoldforecast‬ shares his outlook for gold, using technical analysis to explain how the yellow metal could rise to the US$2,700 per ounce level by the first quarter of 2025. This interview was filmed on August 22, 2024

He also discusses the US Federal Reserve's upcoming interest rate turnaround and what it means for gold. "To me what is most important is not that they're signaling a rate cut in September — it's much more than that," Wagner said. "They are signaling a major pivot from a highly restrictive to a highly accommodative monetary policy that's end goal is interest rate normalization." 

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0:00 - Intro 

0:34 - Gold starting major rally 

3:57 - Rate cut impact for gold 

7:22 - Fed now shifting focus 

11:23 - Gold sentiment in the west 

14:47 - US$2,700 gold price target 

21:23 - When to buy gold? 

25:37 - Silver price outlook 

29:18 - A historic time for gold 

33:55 - Outro