Gold Price: This Could Send Gold Bullion Skyrocketing in 2016
More Upside for Gold Bullion?
The shiny metal might not look that attractive right now since the gold price has dropped as much as 5.6% so far in May. But for the gold bulls out there, here is some good news: one of the most widely followed analysts just said that gold bullion could go to above $1,900 an ounce.
Peter Boockvar is the chief market analyst at The Lindsey Group. On Tuesday, he told CNBC that “this is just the beginning of a new bull market in the metals.” (Source: “Get into Gold Now! Prices Could Hit $1,900: Boockvar,” CNBC, May 24, 2016.)
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