The investment community seems to be underestimating the potential fallout from rising tensions between the United States and Iran, CNBC’s Jim Cramer warned.
“When I see this endless buying for gold it makes me think for the first time people are just saying, ‘I’m really fearful,’” Cramer said.
Ahead of Monday’s open on Wall Street, Cramer asked, “Why aren’t the futures down more? They should be.”
Gold prices are set to “reach $2,000 by the end of the year,” predicts David Roche, president and global strategist at London-based Independent Strategy.
Roche recommends investors hold gold in their portfolios, alongside some European fixed income and U.S. Treasurys.
Gold fell on Monday, moving further off the key $1,300-per-ounce mark it briefly surpassed in the previous session, as global equities rallied following last week's slide with stronger-than-expected U.S. retail sales allaying some fears of an economic slowdown.
Read More