Besides gold being a long-term store of value, the precious metal has been found to provide protection against financial sanctions imposed by Western governments COMMENT | LUKE HARTIGAN | Over the past few years, central banks have been quietly buying up significant quantities of gold. As the trend has …
Read More »The price of gold is skyrocketing
Why speed of the upswing has been much faster than analysts predicted and why the rally is likely to continue? COMMENT | LUKE HARTIGAN | The price of gold surged above US$4,100 (Approx. Shs14 million) an ounce (Approx.28g) on Oct.15 for the first time, taking this year’s extraordinary rally to …
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