Analyst Sees Gold Falling to $3,678 as Higher-for-Longer Fed Pressures Silver Too
Updated
Updated · Seeking Alpha · Jun 24
Analyst Sees Gold Falling to $3,678 as Higher-for-Longer Fed Pressures Silver Too
3 articles · Updated · Seeking Alpha · Jun 24
Summary
$3,678-$3,841 an ounce is the analyst’s buy zone for gold, with silver seen needing to fall to $45-$50 before re-entry becomes attractive.
Higher-for-longer Fed policy, rising inflation and a stronger U.S. dollar are cited as the main forces leaving gold and silver lagging the S&P 500.
Wall Street has turned more cautious, with major banks cutting gold and silver targets as they brace for persistent high rates and slower ETF inflows.
At those levels, the analyst plans to commit more capital to gold than silver, arguing gold offers the better risk-reward until the macro outlook clears.