Скачать с ютуб Gold prices could 'easily reach $2,500 this year' - Jeff Clark on precious metal breakout в хорошем качестве

Gold prices could 'easily reach $2,500 this year' - Jeff Clark on precious metal breakout

While central bank buying has been supportive of gold prices, interest rate cuts later this year could send the metal higher, said Jeff Clark, editor of the TheGoldAdvisor.com. In early May Clark spoke to Kitco Mining at Deutsche Goldmesse in Frankfurt, Germany. Gold has hit several all-time highs this attributed to strong central bank buying. "This could be a banner year for central bank gold buying," said Clark. "In my humble opinion, that is not why the gold price is higher. I think central bank gold buying actually supports the price though. It's just an important component of this market. " Clark said central bank buying has reached a "crescendo" after 15 years of increased spend on gold. Clark said that interest rate cuts by the Fed could be a real impetus for the metal. "$2, 500 is easily within reach this year," said Clark. While gold prices are rising, gold equities haven't shown the same level of growth yet, noted Clark. He said this lag is typical in bull markets, and money is expected to flow into the sector soon. Mergers and acquisitions are increasing due to limited exploration and development in recent years make M&A a more attractive option than starting from scratch. Clark said M&A activity will likely continue and even accelerate. Surprisingly, copper hasn't seen the same level of excitement as gold, noted Clark, despite the growing need for copper in green energy initiatives. "Every week there's a new chart about the deficit that's coming in copper," said Clark. "Take the average of those, and even if that was only half right, that's still a lot of copper that's going to be needed. And so, the rush into copper really hasn't happened yet. And that is something as an investor, I like to hear." Coverage of Deutsche Goldmesse sponsored by Dynacor. 0:00 - Metals are up strongly, M&A is taking off. Why is the sector so positive? 1:44 - World Gold Council says gold off to strongest start 2:47 - Why gold prices peaked early in 2024 3:48 - How could the gold market turn bearish? 5:48 - M&A in the mining sector 9:32 - Copper prices 11:07 - Companies that work in the copper space __________________________________________________________________ Kitco Mining is dedicated to reporting on the mining industry. Our mandate is to be the top resource for all mining information and news, offering a clear perspective on where the industry is going through breaking news coverage, mining trends, and in-depth reporting, presented with precious, rare earth, base metals, and industry stock prices. Get important precious and base metal updates while on the go with the Kitco Gold LIVE! app - https://applications.kitco.com Stay connected with us Twitter -   / kitcomining   Instagram -   / kitcomining   LinkedIn -   / kitco-mining   Facebook -   / kitcomining   Connect with the Kitco Mining anchors Michael McCrae -   / michaelmccrae   Paul Harris -   / paulharrisgold   For more in-depth mining coverage, visit us here - https://www.kitco.com/mining Disclaimer: Videos are not trading advice, and the views expressed may not reflect those of Kitco Metals Inc.