Gold price to reach $2500 if Biden wins – Dan Popescu
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After gold has topped $2,000 for the first time, is there more upside to come? IGTV’s Victoria Scholar is joined by Dan Popescu, gold, silver, and forex analyst, who has covered gold since 1965, when it was $35 an ounce.
Popescu discusses the outlook for year-end, believing the outcome depends heavily on the US election. He thinks a Biden win is bullish for gold, while a Trump win will see gold push lower possibly below key support at $2000. He also talks about silver and the monetary crisis.
Any opinion, news, research, analysis, or other information does not constitute investment or trading advice.
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00:00 – Introduction
0:42 – Gold topping $2,000 for the first time
05:08 – What’s driving the demand
09:20 – Outlook for silver
11:20 – US presidential election and the price of gold
14:21 – Using ETFs to get gold exposure
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