Gold price ‘to hit above £1,600 this year’

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Gold price ‘to hit above £1,600 this year’

Gold could hit a massive record breaking £1,600 per ounce!

Due to inflation and low global interest rates, it could possibley reach the highest it has ever been!

“We would not be surprised … to see gold break through $1,600 before the end of the year,” said GFMS chairman Philip Klapwijk in the group’s latest report published on Wednesday.

“And, with the spotlight also shining on the state of government finances, there is every reason to believe that investors will remain focused on the gold market.

“Furthermore, growing price acceptance by consumers will help lift jewellery demand… and provide a firm platform for investors to take gold higher,” said Klapwijk.

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