Gold price may jump to new lifetime high

Gold price today is most undervalued among the financial asset categories and it may shot up to its lifetime high by end of 2021, say commodity experts

Speaking on the triggers and levels in regard to gold price; Anuj Gupta, Vice President — commodity & Currency Trade at IIFL Securities said, “Weakness in dollar due to no sign of increase in interest rates as discussed in US Fed’s Jackson Hole symposium, geopolitical tension due to Afghanistan crisis is also supportive for gold price rally. We are expecting that gold may trade higher in the last months of the year. The precious bullion metal may test $1950 to $2000 per ounce levels till this year end. US economic data and inflation concern may provide fuel to the upside move in gold price.”

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

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