Gold is on the move and has now reached our first objective of $1,275, trading as high as $1,278 overnight. There is an underlying bid in gold, and there is no reason to believe that will disappear.
There are many who continue to be non-believers in the gold rally, which should only fuel higher prices. Although we expect some selling pressure in the next couple of days, our long-term outlook remains bullish and is now targeting the $1,300 level.
KEFI Minerals plc (LON:KEFI) is focused primarily on the advanced Tulu Kapi Gold Project development project in Ethiopia, along with its pipeline of other projects within the highly prospective Arabian-Nubian Shield.