Spot gold has risen to above $1,802/oz today (July 8, 2020) for the first time since September 2011, taking year to date 2020 gains to 20%. A close above $1,800/oz on a daily basis is an important test for gold and should it do so, it will likely see strong gains and a test of the record nominal high of $1,920/oz in the "long hot summer" ahead.
https://www.zerohedge.com/news/2020-07-08/gold-tops-1800oz-highest-level-september-2011
Gold hit $1700 per ounce on April 13, 2020. That was less than 3 months ago. Will it hit $1900/ounce by October?
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