Angus Geddes Forecasts US Dollar Decline, Currency and Gold Gains
Business

Angus Geddes Forecasts US Dollar Decline, Currency and Gold Gains

By August 29, 2024 No Comments

In a recent interview with Ausbiz, our CIO Angus Geddes expressed his bullish sentiment towards several assets.

  • Angus forecasts a weaker US dollar, favoring currencies like AUD and GBP.
  • He expects gold to reach $2800 due to uncertainty and US dollar declines, driven by central bank buying.
  • Geddes is bullish on miners like Evolution Mining (ASX:EVN) and BHP (ASX:BHP), citing their low-cost production and growth potential.
  • He sees potential in the Hang Seng, despite its recent struggles, as a new bull market could emerge with a weakening US dollar.

Source: Ausbiz

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