Gold: expect $2,400 by next summer

A 'golden cross' in the gold market signals the bull market is alive and well.

Gold "is back from the wilderness", says Jack Farchy in the FT. After a year of treading water it has jumped by more than 12% in two months. It is back to around $1,800 an ounce and has reached new record peaks in euros and Swiss francs. The bull market that began in late 2001 should continue.

Not only has the US Federal Reserve launched a further and this time unlimited quantitative easing (QE), or money printing, programme, but the European Central bank is prepared to buy unlimited quantities of peripheral bonds. The Bank of Japan has also cranked up the presses again.

Subscribe to MoneyWeek

Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE

Get 6 issues free
https://cdn.mos.cms.futurecdn.net/flexiimages/mw70aro6gl1676370748.jpg

Sign up to Money Morning

Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter

Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter

Sign up
MoneyWeek

MoneyWeek is written by a team of experienced and award-winning journalists, plus expert columnists. As well as daily digital news and features, MoneyWeek also publishes a weekly magazine, covering investing and personal finance. From share tips, pensions, gold to practical investment tips - we provide a round-up to help you make money and keep it.