The gold bug's new best friend - the Chinese government

After a long wait, the price of gold recently broke through a key barrier. But events in China may mean that $1,000 an ounce is just the start of a new bull run. Dominic Frisby explains why.

There have been a number of extremely exciting developments in the world of gold and silver this week, not least the price. Gold is once again flirting with $1,000 an ounce.

As you might have noticed, I like to look at the markets from a technical point of view. I stare at charts, I note moving averages, momentum indicators, trend lines and goodness knows what else. $1,000 is a key level for gold. A lot of us have been waiting a long time for $1,000 gold.

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.