Analyst who correctly guessed gold at $2,500 looks ahead - Midas Touch’s Florian Grummes

The gold trade has moved from West to East, said Florian Grummes, managing director of Midas Touch Consulting. On Wednesday, Grummes spoke to Kitco Mining at the 2024 Precious Metals Summit Beaver Creek in Colorado. Despite a recent consolidation phase, Grummes believes that gold's uptrend remains intact, with a potential target of $3,100 per ounce. Grummes highlighted several factors supporting his bullish outlook: Gold has formed a strong cup-and-handle pattern, suggesting further ...