18 August
U.S. Global Investors CEO expects gold prices to rise to $6,000 under Trump’s term
Frank Holmes, CEO of U.S. Global Investors, says that gold prices could reach $6,000 per ounce by the end of Donald Trump's presidential term. He attributes this forecast to a structural reset of the global financial system, the process of de-dollarization, and state-level accumulation of gold reserves, particularly by China.
Holmes emphasizes that the People's Bank of China is the world's largest sovereign buyer of gold. The Asian country's strategy aims to reduce dependence on the dollar and strengthen the yuan's role in international trade. This approach, according to Holmes, creates the conditions for growth in precious metal prices.
He also notes the importance of gold as an alternative investment and a valuable risk-hedging tool. U.S. Global Investors CEO recommends that traders include the yellow metal in their portfolios to diversify assets.
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