“Spot gold set a fresh record high of $898.00 this morning before sinking to $893.40 on profit taking”, reports Money Week today. “Silver hit a 27-year high of $16.29 today before slipping back to $16.24”, the publication continues.
It was only a few weeks ago that gold prices were hovering around $800 an ounce, so $900 can only be just around the corner, and the prospect of gold at $1000 an ounce that a number of commentators have predicted has quickly become a very real possibility in the not at all distant future.
Obviously gold shares and futures as well as gold coins and bullion are becoming more interesting by the day, as are gold-based ETFs.
Gold jewelry also continues to become more and more attractive as a way of owning the precious metal, and buyers of scrap gold are not resting either.
Watch this space!
By the way, where do you see the price of gold heading in the next few months? Feel free to leave a comment (below the box on the category pages if you can’t find it in the main page!).
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