Gold price up over 1%, closing in on new record
Bullion is now 18% higher for the year, boosted by anticipation of Fed loosening as well as significant buying by central banks.
The gold bears and doubters – and the silver bears in particular – have had great success in driving the prices of these two precious metals downwards but are we looking at more of the same to come, or perhaps consolidation and another take-off?
The pattern of price movements we are seeing currently, with strong upwards and downwards fluctuations for both metals.
