Dec 11, 2020 Guest(s): Anna Golubova Social Media Reporter
Gold is in recovery mode, but is this a start of another bull run or just a reaction to an oversold drop in November? This is exactly what Kitco News asked the analysts this week and the optimists prevailed.Just a bit of background here, gold rose back above $1,800 an ounce in December and even attempted to hit a key level of $1,850 several times. Analysts say that once that level is breached, gold could be ready to approach $1,900. After that, the key resistance level becomes $1,925, which would then clear the path towards $1,975.Triggers to watch are raging coronavirus numbers, stimulus talks, equities performance, and the Fed meeting next week.