David Rosenberg Predicts 30% Upside in Gold Price Following Federal Reserve's Interest Rate Cut
Sunday, 7 April 2024, 11:14
Gold Price Forecast by David Rosenberg
The recent rally in gold prices has left many puzzled, given the usual impact of macroeconomic headwinds. However, David Rosenberg forecasts a remarkable 30% upside for gold.
Factors Behind the Forecast
- Macro headwinds usually drag down gold prices
- The recent Federal Reserve interest rate cut is driving bullish sentiment
Despite the usual trends, Rosenberg's forecast points to a potential significant gain in the gold market.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.