Gold to reach $2500 within two years: Rosenfeld

The price of gold will soar to $2,500 an ounce within the next two years as inflationary factors prop up the precious metal, U.S. hedge fund activist Eric Rosenfeld tells BNN.

This comes as the price of gold recovers from a massive selloff on Monday which saw the yellow metal shed nine percent of its value.

Gold was currently hovering around the $1,370 an ounce mark on Tuesday.

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