Gold is still the hardiest of hardy annuals

Gold is still the hardiest of hardy annuals

Prices of the fabled yellow metal could easily rise again in the coming years, for a number of reasons

During May, prices for an ounce of gold rose to around $1,350, which was an increase of around 6 per cent. This rise in the price of gold in just one month is noteworthy because, for the last five years, gold prices have traded in a tight range between $1,150 and $1,350 per ounce.

The tight trading range reflects decent global growth and a generally modest inflationary background. GDP growth rates in the US and the eurozone had picked...

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