HB Group

We believe a recent US dollar rally will fizzle and that should provide support to gold. Continue investment demand should support gold and propel prices towards its all time highs.

Gold may surge because of China confirming their intention to purchase 191.3 tons of gold from the International Monetary Fund

Investment funds may continue to buy gold for their portfolios since it’s a tangible asset not a paper one, and also because of a weakened demand for US Dollars.

Multibillion dollar investments are being made in gold today. Only one could think that the prices are still relatively low.