Gold prices rallied Thursday, with a steep decline in the U.S. dollar, the Federal Reserve’s ongoing loose monetary policy and expectations for a new fiscal stimulus package from Washington lifting bullion to its highest finish in almost six weeks.
Gold prices also traded well above their 50-day moving average, a level investors view as a short-term bullish signal, eve if the metal only briefly managed to trade above the key $1,900 mark.
Goldplat plc (LON:GDP) is an AIM-listed, profitable gold recovery services company with two market leading operations in South Africa and Ghana.