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Gold surges to new positive trend and targets $8,000, Alasdair Macleod notes

Gold surges to new positive trend and targets $8,000, Alasdair Macleod notes
Gold trend positive, $8,000 target seen

Alasdair Macleod highlights a shift in momentum for gold, silver, and mining stocks, indicating a positive trend.

He references analysis from Michael Oliver, who projects that gold could move toward the $8,000 level.

Macleod previously noted that Chinese banks plan to halt leveraged gold and silver facilities, aligning with a period of shifting access in major trading hubs. He has also indicated that selling dollars for gold could offset a decline in dollar value. These points come as investors weigh prospects for precious metals.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

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