The start of this week saw the price of gold rise by almost 3% to reach $4,111.39 an ounce, after initially reaching the high point it notched in October. The rally follows the release of the latest U.S. economic data that bolstered expectations of an upcoming reduction in rates of interest by the Fed, which drove investor demand for the precious metal.
Looking ahead, market watchers warn that while the outlook for gold remains positive, volatility could return if upcoming economic data surprises to the upside. Companies like Platinum Group Metals Ltd. (NYSE American: PLG) (TSX: PTM) involved in…
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