Gold World News.Gold Seven Month High

The yellow metal is at present trading at approximately the $980 per oz mark - a seven-month high - after making a robust recovery from an October 28th low point below $700 per oz.. Now Jeffrey Nichol, head of Yank Valuable Metals counsellors, has envisioned that costs will continue to rise sharply, an admission which is created more surprising by the proven fact that he isn't a renowned gold bug. "The [economic] trend is down, and there's not one signpost that announces it's changing yet," he told Bloomberg.

"The investing public has begun to go to that one thing that they suspect it's safe to invest in.".

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