Covenant Capital’s Edward Lim says he’s bullish on gold and is planning to make it a permanent fixture of his portfolio following intermittent periods of trading the metal. A number of Wall Street banks have also recently lifted their price forecasts, with Goldman Sachs raising its year-end forecast to $2,700 an ounce. “The dollar’s hegemony that has existed since WWII is coming to a test right now, and there’s no alternative besides gold,” Lim said on Bloomberg Television.
