FINSUM + Magnifi: Wells Fargo Says Stage is Set for Gold

April 1, 2021

Wells Fargo’s head of real asset strategy John LaForge says gold could hit $2,200 an ounce this year. This
is all because of the news that gold supplies are deficient rather than excessive. LaForge pointed out
that it was supply deficiencies that sent gold on the rally from $250 to $1900 in the decade from 2001-
2011. LaForge said this could be gold's new “bull super-cycle”. Additionally, Wells Fargo sees traditional factors like easy money and a weak dollar as a positive outlook as well.

(New York)


FINSUM + Magnifi: Demand for gold has been up and down as of late as the future outlook of the Fed seems uncertain. However, solid supply changes for gold might be the catalyst for a real bull rally.


New call-to-action

Magnifi is changing the way we shop for investments, with the world’s first semantic search engine for finance that helps users discover, compare and buy investment products such as ETFs, mutual funds and stocks. As of March 2021, 250,000+ users with $475+ Billion in Assets Under Influence, have used Magnifi over 1,200,000 times. Try it for yourself today.

 

This blog is sponsored by Magnifi. The information and data are as of the publish date unless otherwise noted and subject to change. This material is provided for informational purposes only and should not be construed as individualized investment advice or an offer or solicitation to buy or sell securities tailored to your needs. This information covers investment and market activity, industry or sector trends, or other broad-based economic or market conditions and should not be construed as investment research or advice. Investors are urged to consult with their financial advisors before buying or selling any securities. Although certain information has been obtained from sources believed to be reliable, we do not guarantee its accuracy, completeness or fairness. Past performance is no guarantee of future results. This content may not be reproduced or distributed to any person in whole or in part without the prior written consent of Magnifi. [As a technology company, Magnifi provides access to tools and will be compensated for providing such access. Magnifi does not provide brokerage or custody services.]

 

Magnifi in Action: Discover "Top Gold Funds"

Click on any fund in the chart below to dig deeper.

 

 

 

Related Posts

FINSUM + Magnifi: Gold Could Surge on Chinese Import Changes

April 20, 2021

China is one of the largest gold consumers in the world, but the pandemic has put...

FINSUM + Magnifi: Gold Bulls See Second Stimulus Package as Tipping Point for Another Run

April 13, 2021

Gold had one of its biggest runs last August, but gold funds and ETFs have been...

FINSUM + Magnifi: Goldman Sachs Bullish on Commodities Market

(March 2021)

Jeffrey Currie, head of Commodities Research at Goldman Sachs, said there is the...

FINSUM + Magnifi: Why Gold is Positioned for a Bull Run

(March 2021)

The price of gold has been in a slump after it reached all-time highs mid pandemic....