Gold could reach $2,000 this year, but it's not a buy until this level, chart analyst says [CNBC]
Federated Hermes, Inc. (FHI)
Last federated hermes, inc. earnings: 4/30 04:17 pm
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Source: CNBC
VIDEO2:2202:22: Gold higher again todayThe precious metal is up 11% in April, its best month since 2011, and has reached levels not seen in nearly eight years."I love gold, and you need some in your portfolio," Baruch said Tuesday on CNBC's "An inverse head and shoulders pattern forms when an asset makes a low, a lower low, and a higher low – it implies a bottoming and change in trend direction."I do believe gold over the rest of this year will get to $2,000. I think it should be in your portfolio. The massive liquidity injected by the Federal Reserve, it's going to support asset prices like equities, but it's also going to support gold," said Baruch.Even with momentum behind it, Baruch is not willing to chase gold here. Instead, he sees opportunity in case of a pullback."There's higher to go, but look to a move back to $1,700 as your buying opportunity," said Baruch.A move to $2,000 represents 13% upside and would take gold to record highs. A decline to $1,700 implies a 3% pullback.S
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News
- Federated Hermes, Inc. announces changes to Investment and Distribution executive leadership and Board of Directors [Yahoo! Finance]Yahoo! Finance
- Federated Hermes, Inc. announces changes to Investment and Distribution executive leadership and Board of DirectorsPR Newswire
- Emerging markets paying better with lower volatility than developed peers: Fixed income head [CNBC]CNBC
- Unlocking Growth: How Trade Finance Fuels Middle Market Business [Forbes]Forbes
- Month-end portfolio data now available for Federated Hermes Premier Municipal Income FundPR Newswire
FHI
Earnings
- 10/30/25 - Beat
FHI
Sec Filings
- 12/2/25 - Form 8-K
- 11/20/25 - Form 4
- 11/20/25 - Form 4
- FHI's page on the SEC website