Forecasts for gold are increasingly bullish with some market observers seeing significant upside ahead for the yellow metal even though bullion is already one of this year’s best-performing assets.
Related: 16 Glistening Gold ETFs Investors Should Follow
Gold futures are currently flirting with $1,370 per troy ounce, but some market observers believe the yellow metal can ascend to $1,500 per ounce. Strong demand is also helping gold. Demand for gold assets have surged this year. For instance, ETF flows into gold have expanded at their fastest pace since 2009.
For more information on the Gold ETFs, visit our Gold category.
SPDR Gold Shares
Tom Lydon’s clients own shares of GLD.