analysts suggest the coronavirus crisis could propel the precious metal’s price above $US3000 an ounce in 2021.
Gold traded as high as $US2039 an ounce on Wednesday, its highest levels ever – although even the bullish analysts at the World Gold Council note that is still well below notional inflation-adjusted peaks of 1980, when the commodity would have been trading above $US2800 in modern dollar terms.In Australian dollar terms, it hit a peak of $2832.58 – enough to put even the most marginal of Australian gold producers in the money.
RVR Price at posting:
13.0¢ Sentiment: Buy Disclosure: Held
