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Why this veteran investor sees gold hitting $7,000 by the end of Trump's term
MarketWatch· 2025-09-30 18:24
Core Viewpoint - The resilience of gold's rally is attributed to strong demand from global central banks and gold exchange-traded funds, alongside concerns over record debt levels [1] Group 1 - Global central banks are significantly increasing their gold purchases, contributing to the ongoing rally in gold prices [1] - Gold exchange-traded funds are also experiencing heightened demand, further supporting the price of gold [1] - A veteran investor highlights that the current rally is influenced by unprecedented levels of debt, which may drive investors towards gold as a safe haven [1]