As I predicted in the May 2020 issue of Forbes Indonesia, gold has rallied and breached the very important psychological level of $1,800 an ounce. At the time of writing, it continued past the previous historical high of $1,923.70 set in September 2011. Despite being at a historical high of around $1,950, the outlook remains excellent. A majority of analysts concur with my call that gold's break above $1,800 has technically set the stage for significant momentum, which will continue to push the price higher.
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