The month started off with a gold price low of 1313.70 USD/oz. and by the 5th of September hit above 1330’s USD. This drastic rise occurred again this week as the gold price ended last week at a low of 1310.28 USD/OZ, and by Wednesday hit above 1330’s USD/oz. The gold price today is 1338.36.

The Cause

The cause of this Deja Vu is the American dollar once again hitting the gold price down last week, but the steady demand for gold keeps it a competitor in the markets. The effects of Brexit continue to play out in the markets which will continue to grow the demand of gold and silver.

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Do you think that the gold price will surpass 1340 USD/oz before the year ends? Let us know in the comment section below!

Sources: usagold.com

Image Source:contranianedge.com