Bloomberg’s Mike McGlone: ​​Recession fears could push gold to $3,000

In a recent interview with Kitco News, Mike McGlone, senior commodities strategist at Bloomberg Intelligence, warned that the current economic situation could surpass the 2008 financial crisis in severity. Drawing comparisons to pre-2008 indicators, McGlone highlighted significant risks of increased stock market volatility and global recession, highlighting in particular the economic challenges in China. He suggested that (…)