Gold price with long-term potential

The Fed will have a hard time standing up to inflation. There is already talk that the Fed has lost control of inflation. In the U.S., the consumer price index rose 8.6 percent in May, marking a 40-year high. The culprits are upward spikes in energy and food prices. This could be a turning point for gold prices. In a poll of Wall Street analysts, there was a tie between bullish and neutral respondents. In an online survey of 598 votes, 274 expected gold prices to rise soon, 167 expected low prices and 157 were neutral. In the long term, however, analysts see the potential for a rise in the price of the precious metal. The reason, they said, is inflation and interest rates that continue to rise. There is also growing fear that a recession is coming.

If then the U.S. dollar were to weaken, this would minimize a headwind for gold. This could well happen because the Fed has probably reached the peak of its restrictive stance. With volatile markets and high inflation, gold should be attractive to investors as a store of value, a safe haven, and an inflation hedge. Gold is, after all, a stable-value investment. As a result, many industry experts see strong gold prices over the long term, as the Russian war has drawn new geopolitical lines around the world. Among gold companies, Tarachi Gold and Revival Gold are appealing. Tarachi Gold – https://www.youtube.com/watch?v=IRnRAFCd8WI&t=2s – has projects in the Sierra Madre gold belt and Mexico. Drilling results are particularly high-grade at the Tarachi project. Revival Gold – https://www.youtube.com/watch?v=R7Hnu7pDPJo&t=1s – is undertaking drilling at its Beartrack-Arnett gold project in Idaho. After very good results, another 3,000 meters are planned for this year.

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