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Thursday, April 16, 2026
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Article CNBC Top Stories

The 'debasement trade' has driven gold to new heights. Wells Fargo's bull case calls for $8,000 an ounce

CNBC Top Stories April 16, 2026 · 8:01 pm Read Original
Strong Bullish 100.0
−100 Bearish 0 +100 Bullish
The 'debasement trade' has driven gold to new heights. Wells Fargo's bull case calls for $8,000 an ounce

"We're in the 4th debasement cycle that started in 2022," wrote Wells Fargo Securities' Ohsung Kwon.

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Article Info
Source CNBC Top Stories
Published Apr 16, 2026 · 8:01 pm
Article ID srh3llb
Original URL Open source
Sentiment Signal
Strong Bullish 100.0
−100Neutral+100
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