05 APR

Gold is rallying, and one analyst says there’s more upside to come

Thomson Reuters

The spot gold price has rallied 7.7% since mid-December.
The Commonwealth Bank is forecasting there’ll be more gains to come in the next couple of years.
It says the US dollar, rather than real US bond yields, has recently become the main driver of movements in the gold price. It expects that trend will continue.

The spot gold price has been on a nice run since mid-December, adding 7.7% to currently sit at $ 1,330 an ounce.

The Commonwealth Bank thinks there more gains to come.

See the rest of the story at Business Insider

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