A NEW record for gold prices appears inevitable.
After hitting an all-time high of US$1,980 an ounce over the week, the precious metal could well be on its way to test US$2,000 an ounce in the near term, according to several analysts.
They attribute this bullish trend to the massive stimulus measures from the US Federal Reserve, which has pushed down bond yields and resulted in the weakening of the US dollar, as well as uncertainties arising from the Covid-19 pandemic and geopolitical tensions.
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