18 January 2023 | Other

Gold will reach 2300 within several weeks, says publisher of the Trends Journal

Investment portal King World News recently interviewed  trend forecaster and publisher of the Trends Journal Gerald Celente. In November 2022, Celente said that the curve representing the gold price had formed the bottom pattern on the chart, and so, the cost of this precious metal would increase . His predictions turned out to be correct.

The forecaster says that the recent reduction of inflation in the U.S. isn’t a positive thing. There is no reason to talk about it, because if we look at the real data from the 1980s, the minimum rate of inflation, actually, reaches 14%. Heads of central banks were aware of the situation, therefore, they made a record amount of savings in gold.

Celente supposes that the cost of a troy ounce of gold may reach $2100-2300. 

Company MarketCheese
Period: 25.07.2025 Expectation: 440 pips
AUDCAD gains on technical bounce and improved sentiment in commodity markets
Today at 10:05 AM 27
Period: 25.07.2025 Expectation: 1700 pips
GBPUSD struggles to regain momentum as uptrend breaks
Today at 09:14 AM 24
Period: 25.07.2025 Expectation: 222 pips
Buying natural gas with target at 3.780 amid record heatwaves in US and Asia
Yesterday at 10:49 AM 61
Period: 25.07.2025 Expectation: 15000 pips
ETHUSD rally accelerates as US moves forward with crypto legislation
Yesterday at 10:13 AM 65
Period: 23.07.2025 Expectation: 600 pips
USDCAD gains strength amid dollar rally and falling oil prices
16 July 2025 86
Period: 25.07.2025 Expectation: 1000 pips
Nvidia's return to China pushes shares toward 180 level
16 July 2025 78
Go to forecasts