Bloomberg Television
@markets·3.2M subscribers·95.6K videos
Covenant Sets $2,500 Gold Target, Says $2,700 ‘Bit Rich’
Posted
April 15, 2024
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4,486
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April 15, 2024
4,486
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5:50Now PlayingCovenant Capital’s Edward Lim says he’s bullish on gold and is planning to make it a permanent fixture of his portfolio following intermittent periods of trading the metal. A number of Wall Street banks have also recently lifted their price forecasts, with Goldman Sachs raising its year-end forecast to $2,700 an ounce. “The dollar’s hegemony that has existed since WWII is coming to a test right now, and there’s no alternative besides gold,” Lim said on Bloomberg Television.
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