Gold Prices Will Go Up: Why Does Ray Dalio Think So?

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Last week the world’s biggest hedge fund manager Ray Dalio made a chilling statement about the US dollar’s status as the world’s reserve currency being under threat. The warning of an impending downfall of the dollar, however, also painted a bright and sunny gold price forecast.

According to Ray Dalio, gold will be one of the number of beneficiaries of a declining dollar. And many analysts agree that gold prices are likely to soar to unseen heights if the current trend continues. Some have even gone as far as to foretell the gold price climbing up to $2,500 and beyond per ounce in the very near future.

As per Ray Dalio, gold 2020 price surges will also be the result of the Federal Reserve’s new approach to inflation. With the 2% inflation rate now being treated as normal, a gold price forecast of $2,500 by the end of the year doesn’t seem at all unreasonable. More so when even Bank of America’s 18-month gold price forecast is for the asset to reach $3,000 per ounce.

Watch the full video to find out what the latest Ray Dalio gold price prediction entails. And stay tuned for our detailed gold analysis to find out where the yellow metal will be headed in the coming weeks!

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