Precious Metals

Bloomberg reported that FX Concepts LLC founder John Taylor sees gold prices reaching $1800 next month.

Bloomberg reported that FX Concepts LLC founder John Taylor sees gold prices reaching $1800 next month.

As quoted in the market news:

The metal may reach between $1,750 and $1,800 by late November, said Taylor, who in July correctly predicted that bullion would touch $1,900 an ounce by this month. Prices may then slide to between $1,000 and $1,200 by April or May, where it would be a “big buy,” he said.

Click here to read the full Bloomberg report.

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