Investors may want to keep an eye on gold prices.

According to Saxo Bank, gold could cross $2,075, and then hit $3,000 on unstoppable inflation in the new year. “Fed policy tightening and quantitative tightening drives a new snag in U.S. treasury markets that forces new sneaky ‘measures’ to contain Treasury market volatility that really amounts to new de facto quantitative easing,” says Saxo, as quoted by MarketWatch.

In addition, according to, Saxo Bank’s head of commodity trading, Ole Hansen said, “they see a few scenarios that continue to support higher-for-longer consumer prices, including further development of domestic supply chains, with a particular focus on the energy sector. A second factor is an improvement in China’s economy, which would lead to broad-based demand for raw commodities. Not only is the Fed expecting to end its tightening cycle early in 2023, but Saxo Bank said that the threat of a global recession will force central banks to pump liquidity back into global financial markets. These three scenarios taken to the extreme are what would drive gold prices dramatically higher.”

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$3,000 is a bit of a wild prediction, for sure.

But after the year we just had, anything can happen.

If that’s the case, investors may want to consider gold stocks such as the VanEck Vectors Gold Miners ETF (GDX). With an expense ratio of 0.51%, the ETF holds positions in Newmont Corp., Barrick Gold, Franco-Nevada, Agnico Eagle Mines, Gold Fields, and Wheaton Precious Metals.