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Gold price at all-time highs as next bull run appears imminent

From smallcaps.com.au

As the Australian dollar continues to fall and with further declines expected, gold is attracting the attention of investors as it climbs to all-time highs and is predicted to continue soaring well beyond the A$2,000 per ounce level. On Tuesday, gold pushed past A$1,960/oz, before dipping slightly to A$1,957/oz on Wednesday. However, analysts envisage the precious metal’s upward journey will continue and go well above the A$2,000/oz (US$1,370/oz) long-term resistance levels, with Martin Place Securities executive chairman Barry Dawes telling Small Caps he believes the gold price could reach A$10,000/oz in the next ... (full story)

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  • Category: Fundamental Analysis