Gold back above $1,900, what could send it higher?

Gold closed above $1,900 an ounce last Thursday as the U.S. dollar lost some ground for the fourth straight day, and there could be further upside potential as we head closer to the election.

The yellow metal has had an incredible run. It rose for the eighth straight quarter at the end of September, increasing around 6 percent. This marks the longest such streak for gold since the bull run nearly 10 years ago, when it gained for 12 straight quarters between the end of 2008 to 2011.  

KEFI Gold & Copper plc (LON:KEFI) is an exploration and development company focussed on gold and copper deposits, primarily in the highly prospective Arabian-Nubian Shield.

Click to view all articles for the EPIC:
Or click to view the full company profile:
Share on facebook
Facebook
Share on twitter
Twitter
Share on linkedin
LinkedIn
KEFI Minerals Plc

More articles like this

KEFI Gold and Copper

Copper price rallies toward nine-year high

Copper prices rose on Monday on increased demand and as the US dollar fell. Copper for delivery in May was up 1.98% in afternoon trade, with futures at $4.2505 per pound ($9,3511 a tonne) on the Comex market

KEFI Gold and Copper

Gold price jumped to 7-week high

GOLD PRICES jumped to 7-week highs just below $1770 per ounce Thursday afternoon in London after new data showed a record jump in US retail sales coincided with last month’s $1,400 Covid stimulus checks sent to most US adults. 

KEFI Gold and Copper

Gold holds steady as markets await US inflation data

Gold prices were flat on Tuesday as market participants kept to the sidelines ahead of U.S. inflation data that is expected to shed more light on recovery in the world’s largest economy. Spot gold was unchanged at $1,731.69

KEFI Gold and Copper

Gold prices steady

Gold prices steadied during the holiday-thinned trading session on Monday as robust US jobs data fueled hopes for a rapid economic recovery and bolstered global equities, suppressing bullion’s appeal. Spot gold saw a slight gain of 0.1% to $1,731.80/oz

KEFI Gold and Copper

Will inflation impact copper prices?

A sharp increase in inflation expectations for the US Dollar this year have led to heightened volatility across global assets and affected copper and iron ore prices, market sources told Fastmarkets. Market sources said the rising inflation expectations

KEFI Gold and Copper

Gold inches up

Gold inched up in choppy trading on Tuesday, buoyed by easing U.S. Treasury yields while a firmer dollar capped gains, as markets awaited a testimony from Federal Reserve Chair Jerome Powell and Treasury Secretary Janet Yellen. Spot gold