{"id":12955,"date":"2024-12-06T06:52:58","date_gmt":"2024-12-06T06:52:58","guid":{"rendered":"https:\/\/businesstriumphs.com\/index.php\/2024\/12\/06\/adrian-day-us2500-gold-pullback-would-be-healthy-reasons-to-buy-remain\/"},"modified":"2024-12-06T06:52:58","modified_gmt":"2024-12-06T06:52:58","slug":"adrian-day-us2500-gold-pullback-would-be-healthy-reasons-to-buy-remain","status":"publish","type":"post","link":"https:\/\/businesstriumphs.com\/index.php\/2024\/12\/06\/adrian-day-us2500-gold-pullback-would-be-healthy-reasons-to-buy-remain\/","title":{"rendered":"Adrian Day: US$2,500 Gold? Pullback Would be \u201cHealthy,\u201d Reasons to Buy Remain"},"content":{"rendered":"<\/p>\n<p><strong>The gold price has seen ups and downs since the US election. <\/strong><\/p>\n<p>The yellow metal took a hit directly after Donald Trump\u2019s victory, falling to the US$2,550 per ounce level. But then it staged a quick recovery, passing US$2,700. It\u2019s now pulled back again, currently at around US$2,650. <\/p>\n<p>In his view, a fall to US$2,500 wouldn\u2019t be surprising in that scenario. <\/p>\n<p>\u2018But I would say to anyone \u2014 certainly if they\u2019re not invested in gold \u2014 don\u2019t wait for that. The key is that the reasons to buy gold have not changed, and we still need gold for a lot of reasons,\u2019 Day said. <\/p>\n<p>\u2018Gold is not a political metal. Gold to me is the anti-fiat metal, if you want,\u2019 he explained. <\/p>\n<p>\u2018And obviously a strong dollar \u2014 strong against other currencies \u2014 is negative for gold. But you can have a strong dollar and still be losing purchasing power. The dollar\u2019s lost 22 percent of its purchasing power in the last four years \u2014 that\u2019s by the government\u2019s own numbers. So that in itself tells you \u2026 you need it. You need gold,\u2019 Day added. <\/p>\n<p><strong>Securities Disclosure: I, Charlotte McLeod, hold no direct investment interest in any company mentioned in this article.<\/strong><\/p>\n<\/p>\n<div>This post appeared first on investingnews.com<\/div>\n","protected":false},"excerpt":{"rendered":"<p>The gold price has seen ups and downs since the US election. The yellow metal took a hit directly after Donald Trump\u2019s victory, falling to the US$2,550 per ounce level. But then it staged a quick recovery, passing US$2,700. It\u2019s now pulled back again, currently at around US$2,650. In his view, a fall to US$2,500 [&hellip;]<\/p>\n","protected":false},"author":0,"featured_media":12956,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[],"class_list":["post-12955","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-investing"],"_links":{"self":[{"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/posts\/12955","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/comments?post=12955"}],"version-history":[{"count":0,"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/posts\/12955\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/media\/12956"}],"wp:attachment":[{"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/media?parent=12955"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/categories?post=12955"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/tags?post=12955"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}