Predictions Indicate Explosive Rise for Gold
According to economists the price of gold is set for an explosive rise having reached new record highs last week. The metal reached $1,048.50 an ounce last Wednesday pushing past the peek reached in March last year.
The increase is due to investors shifting to buy gold as a safe investment as the dollar price continues to fall.
Julian Jessop at Capital Economics was quoted in a recent article as saying, “gold is one of the few investments where there is a case for explosive gains in the coming weeks”.
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