-
Bullish Sentiment for Gold Remains as Prices Continue Rising
Gold prices continue to push to higher heights, instilling a bullish sentiment among the capital markets as the expectation of interest rates falling isn’t hindering the rally. Other factors are also helping the metal to rally, opening opportunities in other areas like mining. As Kitco reported, the price for the precious metal reached all-time highs last week, pushing past the $2,000 price level. The most recent rally was riding the momentum from positive inflation data and the Fed’s dovish comments following a rate pause at the last Fed meeting. Kitco also reported that a weekly gold survey revealed that ... (full story)