One of our top recommendations at Money Morning this year is that investors should buy gold in 2016. While gold prices have climbed already in 2016, there are two ‘flashing’ signals that show the price of gold will climb even higher this year.
Before we get to those signals, here’s how gold prices have trended in 2016…
Gold prices are enjoying the best start to a year since 1980. The price of goldis up 16.06% so far this year, easily outpacing and other commodities. The gold pricegained 10.5% last month. That marked the metal’s best monthly gain in four years as benchmarks moved out of correction and bear market territory.
Gold prices are off to positive start in March as well. The gold price was up $5.90, or 0.48%, at $1,238.60 an ounce in early trading this morning (Wednesday).
This post was published at Wall Street Examiner by Diane Alter ‘ March 2, 2016.
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