After a major Brexit, the future of gold prices became uncertain, which sent it on a rollercoaster this week. Many investors saw the uncertainty and bought gold as a safe haven, which lead to a 52-week high of 1,364.90 USD/oz. on July 6th. Gold became a strong competitor on a 2-year high, but the gold price started to fall last week Friday, and took a major dip on Tuesday with a low of 1,050.80 USD/oz. Since then, the gold price slowly crawled back up to 1342.57 USD/oz. on Wednesday July 15, 2016. The gold price today is 1328.43 USD/oz.
Why you should invest in gold now?
While the markets seem uncertain for now, many analysts predict that the gold price will continue to rise. Many fear a financial crises and are making strategic moves to invest into gold bullions.
Canadian Bullion Services is an international precious metals dealer headquartered in Toronto that is ranked among the top precious metal dealers in Toronto. Visit our main site for more information, and keep up with us on Twitter and Facebook. Don’t forget to check back next Friday for your weekly recap.
Do you think the markets predictions of the gold market will be true? Comment below and tell us what you think!
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