Head of the American hedge fund Tudor Investment Corp. warned in a recent interview about the end of world economic growth. He believes that institutional investors will immediately pay attention to gold as soon as it exceeds $ 1,400 per ounce.

The yellow precious metal continues to fight with the resistance level of $ 1350 per ounce. In an interview with Bloomberg, billionaire Paul Tudor Jones II gave his gold forecast for the next two years.

Founder of the investment company Tudor Investment Corp. Gold predicts a great future. In the next two years, this precious metal will be his favorite asset. He believes that the price rally to the level of $ 1,700 can start on the gold market if the level of $ 1,400 is overcome. "Gold has a good chance for a price rally," the expert believes. World trade is on the verge of collapse. Confirmation of his words is a trade war between the United States and China, the two largest economies in the world. Escalation of the conflict may cause a recession in the US economy.

“For the last 75 years, the world has seen economic growth against the backdrop of globalization. Everyone thought that growth would continue forever. But now the end is approaching. Now the air has smelled of recession and the Fed’s interest rates have dropped to zero. In this situation, the price rally in the gold market will and institutional investors will use the precious metal as insurance for their clients, "said the head of the hedge fund.

According to the data available at the end of March 2019, hedge fund Tudor Investment Corp. invested 1/4 of its capital in the yellow precious metal. If even more large investment companies start transferring a part of their capital into gold, then a price rally can really begin on the precious metal market in accordance with the most ambitious forecasts.