Gold storms past $1,800 towards new record high

Gold storms past $1,800 towards new record high

Gold pushed above $1,800 an ounce on Wednesday for the first time since 2011, with analysts expecting further gains as investors stock up on an asset they expect to hold its value while the coronavirus convulses the global economy.

“We’ll be challenging the $2,000 level by the end of the year,” said Ross Norman, an independent analyst. “We are in a bull market for gold.”…

Source: Investing

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