Gold reaches higher still on Wednesday, up 34.5% in 2020
Many analysts think gold will rally further, with Bank of America saying it could reach $3,000/oz over the next 18 months
05 August 2020 - 14:19
London — Gold extended its rally above the key $2,000/oz level on Wednesday, hitting a record high as a weakening dollar and falling returns on US bonds added fuel to a buying spree among investors looking for a safe store of value.
With the coronavirus pandemic roiling markets, gold has now surged 34.5% in 2020 and is one of 2020’s best-performing assets...
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