Shares of Gold Companies Are Trading Higher After the Price of the Commodity Reached All-time Highs Following Last Week's Fed Rate Cut.
All roads lead to gold, and the price of gold may exceed $3000!
Analysts said that the Federal Reserve will continue to cut interest rates, the US sovereign debt crisis will drive investors to buy gold, breaking through the 3000 mark is just a matter of time!
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Gold prices surged through $2640, hitting a new high! UBS Group predicts: reaching 2700 next year is not a dream.
ubs group analyst wrote in a report released on Monday, "Although record high stock price may deter some investors, we believe there are several reasons to prove that gold still has room to rise."
Gold's September Performance Has Been "Unseasonably Strong" - UBS
UBS Group: Gold is expected to rise to $2700! Silver may perform even better.
UBS Group expects that the situation in the past few months has once again proven this point, that gold will continue to be the preferred safe haven for geopolitical and interest rate risks.