If you have been holding off on buying gold, the latest advice from TD Securities suggests that now is the time to act as it forecasts a new rally will start soon. The bank says that it is typical to see some sell off at the start of a market crash but this will then reverse and gold will soar to new highs – meaning now is the time to buy.

In a briefing, its analysts said, “The current gold market sell-off is similar to what happened during the financial crisis, when gold prices dropped for a period of over three months along with collapsing equity valuations, as increased volatility and margin calls forced levered investors to sell to provide liquidity. If as expected, we get the coordinated G-7 central-bank and G-7 government stimulus, the pending historic low real/nominal interest rates, liquidity injections and income support programs should reduce volatility and drive capital into gold again, lifting prices to new highs near $1,800/oz.”

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