BofAML's Widmer Sees Path to $2000 Gold in Two Years

Michael Widmer from Merrill Lynch discusses the potential rise of gold prices to $2000 in the next two years, driven by central bank policies and market conditions. He highlights the impact of quantitative failure and central bank gold purchases on market dynamics. The discussion also covers the recent surge in gold prices due to market trends and geopolitical factors.

What is Michael Widmer's price target for gold in the next two years?

What factors does Widmer believe will influence gold prices in the coming years?

What is the concept of quantitative failure as discussed in the text?

How have central banks' actions historically affected gold prices?

What evidence suggests that markets are less convinced about central banks' ability to reflate the economy?