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Gold Has Been Bullish Amidst Recession and Geopolitical Concerns
Gold's impressive run is one that has taken the market by storm. The precious metal is up by more than 15% for the year, capping one of the finest runs in the wake of the 2009 financial crisis. The big question remains, how far can the yellow metal continue rising?
The fact that there are no rules in the capital market makes it difficult to pinpoint how high gold prices can go. If recent developments on the global scene are anything to go by, then gold could continue to register higher highs going forward.
Gold, unlike other industrial metals, plays many roles away from being just a metal. In contrast to industrial metals, gold act as a shelter of inflation, around the world. In addition, the yellow metal acts as a safe haven for storing value in times of economic and political tensions on the global scene.
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