Mohamed El-Erian Observes Spike In Gold Says, Precious Metal 'Trading Within $5 Of A New Record High'
Gold Hits Another Record High on Rate Cut Optimism, Weaker Dollar
Weekly ETF Flows: Energy and Utilities Fund Tops Outflow List
Asia And Europe Markets Mixed; Gold Hits Another Record High As Dollar Hits 3-Week Low - Global Markets Today While US Slept
Prospects of interest rate cuts boost the price of gold, and gold bulls cheer.
According to the CFTC data, net long positions in gold have reached the highest level in over four years. UBS Group predicts that by the fourth quarter of this year, the price of gold will rise to $2600, while Citigroup predicts that it will rise to $3000 by next year.
Commodity Roundup: Middle East Developments Support Oil, Gold Prices
104296489 : simply buy