CNBC reports that gold prices could reach $4,000, the CEO of US Global Investors told CNBC Monday.
Frank Holmes said: "It’s quite easy to see gold going to $4,000." CEO of US Global Investors.
Holmes believes rising monetary stimulus is the main reason gold prices can soar to that level.
Business Insider reports that Gold broke $2,000 the first time last week, on expectations of a US stimulus bill.
Another strategist said development of a vaccine and US presidential elections could reverse gold’s rally.
