There are fresh signs of a continuing bull run this morning (Friday) as gold continues to gain ground – with some experts saying that the recovering crude oil market is helping to push the precious metal higher still.
Despite retreating into negative territory for the first time in history this week due to a lack of storage space, crude oil prices have begun to rebalance themselves. This move has been positive for gold, as the pressure from the record low placed pressure on the commodities sector. Free of this tailwind, gold was up to $1750 yesterday (Thursday) thanks to a $13 increase.
Buy now to benefit from the further expected gains that many experts, including Canadian bank, TD Securities and Bank of America insist are just around the corner.