All signs point to a bull run this week as gold prices have leaped higher over the last 48 hours – further reaffirming the value and strength of the precious metal in uncertain times. Yesterday (Tuesday) gold closed 1% up as the US government officially confirmed that the nation’s economy had fallen into recession in February.
With Wall Street trading a mixed bag despite stronger performances over the last few days, gold is again cementing its position as a safe haven asset. The sustained increase in price has led some to wonder if the precious metal is kicking off the bull run that many experts and major financial institutions expect to carry gold through to record highs before the end of the year.
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