Commodities and financial advisory firm CPM Group managing partner Jeff Christian says the currently high trading gold price is likely to remain near the $1 900/oz mark in the near term as political and economic uncertainty remain high, especially within the US.
As at August 5, the gold price was above the $2 000/oz mark, having risen sharply from about mid-July when it was trending in the lower $1 800/oz range and from just below the upper $1 900/oz range as of August 3.