Don't invest in gold until you understand these fundamentals - Gary Wagner gives price targets

This upcoming Thanksgiving will be the most expensive ever, and inflation will continue to be a serious concern for investors, said Gary Wagner, editor of TheGoldForecast.com who advocates that gold is still the ultimate store of wealth.

On a technical basis, gold is still in its consolidating phase, Wagner told David Lin, anchor for Kitco News.

"A break above $1,880 [gold price] would really signal another breakout and we would push towards $1,990"," he said.

For more information on the main drivers behind gold and the metal's current relationship with the U.S. dollar, watch the video above.

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By David Lin

For Kitco News

Follow @davidlin_TVdlin@kitco.comwww.kitco.com Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.

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