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Don’t Worry, Gold Can Still Hit $1,400 This Year – Steve Hanke

With U.S. political tensions rising, one expert says now is the time to hold on to gold. “There’s so many potential black swans that could enter the scene so you want to hold gold as an investor right now,” Steve Hanke, professor of Applied Economics at John Hopkins University, told Kitco News. The academic sees the metal heading towards $1,400 an ounce before year end as geopolitical events are leaving investors anxious, although he says gold prices could cool off ahead of the Federal Reserve’s plans to raise interest rates and reduce its balance sheet.

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