After five long months, the moment gold investors have been waiting for has arrived, if only for a brief session.
In another important milestone for the gold market, the price this week managed to push above $1,900 an ounce. The precious metal is close to turning positive on the year; the magic number to keep an eye on is $1,918 an ounce.
Not only has gold prices pushed to $1,900 an ounce, but the precious metal is seeing its best monthly gains since July. Gold is up more than $130 an ounce as we head into June next week.
The question now is, does the market have enough in the tank to get above $2,000 as bullish calls begin to ring out in the marketplace again. According to many analysts, gold’s rally is just getting started as the inflation threat grows.READ MORE