Gold Prices Could Jump 50% to $3,500 per Ounce If Inflation Reaccelerates, Warns Prominent Economist
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Gold prices could soar to $3,500/oz by end of 2023 if inflation surges again, per market veteran Ed Yardeni
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That's nearly 50% upside for gold from current prices around $2,350/oz
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Yardeni sees scenario where inflation follows 1970s path with second peak, fueling gold rally
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Other economists also warning of potential second inflation peak due to lingering price pressures
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Geopolitical conflicts, strong labor market could drive inflation higher again after recent cool-down