Gold prices just hit a record high of $2,197 and could push even higher, says Goldman Sachs. In fact, the firm just noted that the Federal Reserve’s meeting “reinforced the market’s (and ours) expectations that three cuts are likely .
Gold prices are now up to $2,190 and could test $2,500 this year. All thanks to growing speculation the Federal Reserve could start cutting interest rates. All of which is also positively impacting stocks such as Calibre Mining Corp. (TSX: CXB) (OTCQX: .
Top Reasons Gold Prices Could Test $2,500 This Year menafn.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from menafn.com Daily Mail and Mail on Sunday newspapers.
Gold is expected to shine. Last trading at $2,2028, analysts say it could run to $2,500 with significant catalysts. All of which is positively impacting companies such as Calibre Mining Corp. (TSX: CXB) (OTCQX: CXBMF), Barrick Gold Corporation (NYSE: .