global economy

Britain’s HSBC bank is projecting gold at $1,550 per ounce by the end of 2017. Trump’s protectionist stance in the campaign, if he follows through with it while in the White House, could trigger trade wars that will destabilize global markets, which would boost gold prices . . . .

With both stocks and US Treasury prices at all time highs the market is sensing that something has to give . . . .

Marc Faber, the widely followed editor of the Gloom, Boom & Doom Report, looks for the world economy to worsen and says every investor should own some gold as a result. “This is my preferred currency,” Faber said . . . .

Gold surges as Brexit vote unleashes turmoil on markets . . . .

Whatever the outcome of this Thursday’s “Brexit” referendum on the United Kingdom’s future to stay in or to exit from the European Union, gold prices are set to move significantly higher during this year’s second half . . . .