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Exciting week ahead for gold bugs

Jul 27, 2020

Gold starts the week north of $1900 US and advocates are confident $2000 and beyond is easily within reach. At the time of this article, gold was trading at $1943.93 in overnight (Sunday to Monday morning) markets. That's a big jump over the previous high of $1920.30.

The yellow metal benefits from global stimulus measures from central banks because it is widely viewed as a hedge against inflation and currency debasement. The rally is also being driven by U.S.-China tensions. 

Investments in junior, mid-tier and gold exploration plays are rising by the hour as investors like Eric Sprott line up to get a piece of the massive bull market for gold and silver.   

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