Commodity Trade Mantra

Posts Tagged ‘Gold Value’

Gold Price Model Says Gold Still Undervalued

Gold hit a price low of around $1,140 in Nov 2014 & has rallied since then in spite of a rising dollar. However the gold price is still undervalued by about 16% according to my long-term empirical model. Further, gold has potential to rally far higher & is likely to overshoot the 2014 equilibrium price of $1,527 calculated by the gold model.

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