Gold smashes through US$1,800 per ounce level as investors bolt for safety
Gold soared past the technical (and psychological) US$1,800 per ounce threshold on Wednesday in the US, scaling its highest since September 2011, as investors bolted for safety from the novel coronavirus and central banks poured in powerful stimulus to cushion its economic fallout.
Spot gold rallied 0.9% to US$1,811 per ounce. Gold futures settled 0.6% higher at US$1,820 per ounce.
Havilah has a JORC Mineral Resource of 3,186,900 gold ounces (of which 1,407,000 gold ounces are a JORC Ore Reserve at the Kalkaroo Project).
My next gold target is US$1,850/ounce (either spot or futures).
Cheers
These are only my thoughts and it does not constitute investment advice. Before acting on any information you read and before making any financial or investment decisions, you should always consult your advisor(s) or other relevant professional experts.
HAV Price at posting:
13.0¢ Sentiment: Hold Disclosure: Held
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