Gold News

Gold futures 'heat up'

The future for gold prices is positive, it has been claimed.

One analyst has made bullish predictions for the prices of gold bullion, saying that the commodities market for the precious metal could run and run.

Commodity Online reports that Sally Limantour, editor of the Taipan Financial News, thinks that the current positive outlook for gold, with its high prices and occasional pull-backs, is nothing in comparison with previous "bull runs".

"The historic evidence suggests that 18 to 23 years is a much better benchmark for how long a commodity bull can last We are only eight years into a potential 20-year cycle. Demand is huge and resources are limited. That’s what makes a bull market," she said.

Since 1968, the price of gold on the open market has ranged widely, from a high of $850 an ounce on January 21st 1980, to a low of $252.90an ounce on June 21st 1999.

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