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Alain Corbani, head of mining at Montbleu Finance and manager of the Global Gold and Precious Fund, shares his outlook for the US economy in 2024, explaining that as it weakens in the new year the US Federal Reserve will need to lower rates.
Against that backdrop, he sees the gold price reaching US$2,500 per ounce in the next 18 to 24 months. “Each time the Fed moves from a tightening mode to a pause mode, gold goes up by 50 percent, fivefold,” he said. “So I expect gold to hit US$2,500 in the next 18 months, two years. There’s no reason that that doesn’t happen — none.”
This interview was filmed on December 29, 2023.
#Investing #Mining #Gold
0:00 – Intro
0:31 – Gold’s performance in 2023
4:11 – Fed and rate hikes in 2023
8:37 – How much will the Fed cut?
12:28 – US economy to weaken
17:03 – US dollar and election outlook
22:03 – Gold’s path to US$2,500
24:57 – When will gold stocks move?
29:56 – Gold stocks with potential
33:41 – Outro
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The Investing News Network does not guarantee the accuracy or thoroughness of the information reported in the interviews it conducts. The opinions expressed in these interviews do not reflect the opinions of the Investing News Network and do not constitute investment advice. All readers are encouraged to perform their own due diligence.
