Commodities Week Ahead: Record-Smashing Gold Eyes $2,000, Oil Rudderless
Gold bulls, don’t pop the champagne just yet. The record-smashing rally may not slow until the price hits the $2,000 per ounce mark. As markets opened for a new week, August COMEX gold futures were trading around $1,930, up nearly 2% on the day and well beyond the all-time high of $1,911.60 set in September 2011. Meanwhile, spot gold, the price for metal for immediate delivery, surged to $1,944.57, shattering the record high of $1,920.85 set in September 2011.
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