Gold tests yearly high and holds firm
Gold prices ended the week at $1341, slightly off the Thursday peak of $1352 (Kitco: London AM Fix).
Gold prices ended the week at $1341, slightly off the Thursday peak of $1352 (Kitco: London AM Fix). These levels represent a 52-week high, however only about 3% over the same level of $1305 one year ago. Experts seem to agree that the fundamentals are in a great position to improve from here given the open-ended trade war with China, and mounting crises in the Middle East. While nobody can predict the future of commodity prices, my personal view is that next week should be good for gold spot prices.
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Author: John Feigenbaum
The President, CEO and managing partner at CDN Publishing, John Feigenbaum, has been a professional numismatist since 1979. Formerly president of David Lawrence Rare Coins, John has taken on Publishing and executive responsibilities for CDN Publishing. John has written for numerous trade publications and published "The Complete Guide to Washington Quarters" in 1991. In 2014, John received the PNG Abe Kosoff Founders Award for "his steadfast dedication to the entire numismatic community".
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