With over 50 years of experience in the gold industry, Milling-Stanley believes today's macroeconomic environment is ripe for gold to outperform.
The possibility of a rate cut in the next six months has been looming over the economy, which should boost the price of gold, Milling-Stanley said.
State Street Global AdvisorsUS dollar depreciation will also push gold prices up, he said.
He estimates a 50% probability of gold prices ending the year in the $2,200 to $2,500 range and a 30% probability of prices rising between $2,500 and $2,700.
Other cost-efficient options include the SPDR Gold MiniShares Trust (GLDM), iShares Gold Trust (IAU), Goldman Sachs Physical Gold ETF (AAAU), and GraniteShares Gold Trust (BAR).
Persons:
—, George Milling, Stanley, there's, I've, He's, Goldman Sachs
Organizations:
Service, Stanley, Trust, Business, Street Global Advisors, Stanely, Street Global, MiniShares, Gold Miners, Miners
Locations:
Nigeria, Ukraine, China, Taiwan
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