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Spot gold briefly rose above the $2,700 mark as the escalating conflict between Russia and Ukraine highlighted the appeal of safe-haven assets.
① The spot gold price is expected to achieve the largest weekly increase in over a year this week, reaching a daily high of $2700.21 per ounce; ② The situation between Russia and Ukraine has become complicated, with Russia testing a "new type of medium-range hypersonic missile"; ③ Global central bank bids have driven gold prices to rise more than 30% since the beginning of the year.
Gold Prices Rise, Set for Strong Weekly Gains on Russia-Ukraine Jitters
Scotiabank Maintains Kinross Gold(KGC.US) With Buy Rating, Raises Target Price to $13
Kinross Gold Price Target Raised to $13 From $11 at Scotiabank
Gold Continues Bullish Trend, Eyes US$2,700 Mark
Risk aversion demand has "ignited" the gold bulls, causing gold prices to rise for four consecutive days!
The price of gold at $3,000 will 'look very cheap' in 3 to 4 years.
10baggerbamm : if you are a gold bug and believe that gold will hit 2800 2900-3000 then you need to give serious consideration to the leveraged ETF NUGT. it has just built a base it is in the upward trend it sold off from over 60 to $37 it's back up to 41 right now as a result of gold being up 2 days in a row now that we have escalating tensions with Ukraine and Russia gold is back in favor.. we all know gold never vanishes it never goes away for any extended period of time frame.. that being said if you believe that gold will continue to appreciate then this ETF offers you the greatest upside potential return of any other gold related investment.
102188459 : Tq
MoiseWalumba : Good