Mainstream news organization can't avoid a positive report about gold

Section:

Stunned by Gold's Record Rise? There's More to Come, Analysts Say

By Peter Hobson
Reuters
Wednesday, August 5, 2020

LONDON -- The speed at which gold has broken above $2,000 an ounce has left some in the market fearing a correction, but many analysts predict more gains as the coronavirus crisis spurs investors to buy into bullion's relative safety.

The record-breaking rally, which lifted gold XAU= as high as $2,055 on Wednesday, has made the precious metal one of 2020’s best-performing mainstream assets.

... Dispatch continues below ...



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It has risen $500 this year, and $200 in the last two weeks alone.

Taking out the totemic $2,000 barrier means investors must change their reference points, said Frederic Panizzutti at Swiss precious metals dealers MKS.

"The adjustment will be higher. We are definitely in a bull run," he said. ...

... For the remainder of the report:

https://www.reuters.com/article/us-gold-price-graphic/stunned-by-golds-r...

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