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Gold price should target $1,700 next quarter, here’s how

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(Kitco News) - Gold prices should be targeting as high as $1,650 to $1,700 an ounce by the first quarter of next year, but fundamental events need to be pushing the yellow in the right direction, this according to Gary Wagner, editor of thegoldforecast.com.

“A lot of it has to do with fundamental events and the biggest one of course is whether or not they resolved the trade war, but if they continue to have the issues they’ve been having, I see gold moving substantially higher,” Wagner told Kitco News.

Wagner noted that the trade war has caused a cascade of new monetary policies, which may involve quantitative easing, but the Fed is so far undecided as to how much liquidity to introduce into the monetary system.

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