Investing News, Released on 3/10/20
Gold’s recent price activity has attracted some attention, but according to EB Tucker it’s the US$1,900 per ounce mark that will bring the metal widespread recognition. “US$1,900 wakes everyone up and then they say, ‘Wait a minute, gold is actually rising in this climate. Everything else is in trouble, so we need to own some gold — what do we do?'” he said at the PDAC convention.
Tucker, who is a director at Metalla Royalty & Streaming, predicted gold’s rise to US$1,500 last year, and now he’s calling for it to take out its old high in 2020.