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Gold Is Fixing the Trade Deficit, but Only on Paper
From wellsfargo.bluematrix.com
From 2000 through 2020, the spot price of gold averaged less than $1,000 per ounce. In 2020, gold broke above $2,000 for the first time. By March 2025 it crossed $3,000, by October it surpassed $4,000, and today gold is trading near $5,000 per ounce. Gold and other precious metals are now at- or near-record highs as investors and central banks seek protection from geopolitical risk, policy uncertainty, and declining real interest rates. Offering forward‑looking price guidance is outside the scope of this report. The boneyard of economists who have tried to forecast gold prices is already crowded enough without adding ... (full story)
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