Monday January 20, 2020

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

23rd June, 2019
3

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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