Gold Prices Hit Highest Level Since 2011

On Wednesday, spot gold prices broke above $1,800 an ounce for the first time since 2011. Today, spot gold held above $1,800 an ounce, hitting as high as $1,815.91 before expected short-term profit taking. What’s fueling this continued rise in gold? Could gold prices hit an all-time high in 2020 like big banks have forecasted?

Get answers to these and other gold price questions in our latest The Gold Spot video. Watch Now!

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Spot Gold Prices Break Above $1,800/oz

For the first time since 2011, gold prices broke above the critical $1,800 an ounce marker on July 8th, 2020. What does that mean from a technical standpoint? Where could gold prices be heading from here? Get answers to these and other gold price questions from Damian White and Steve Rand, Advisors at Scottsdale Bullion & Coin. Watch Now!

See Gold Price Forecasts from Big Banks and Analysts here:
https://www.sbcgold.com/blog/gold-price-forecast-2020/