Market Views: How high can gold prices go?
Inflation, banking crisis, and a weakening US dollar are putting gold under the spotlight. AsianInvestor asks asset managers if gold prices have hit a peak or if there is more room for prices to rise.
Gold once again pushed above $2000 per troy ounce in April, marking the third monthly period when gold has traded above that level in nominal terms.
The shiny metal closed the first quarter with a 7.96% gain; the bulk of this jump occurred in March, when it gained 7.79%.
Central bank gold purchases also had a strong start to 2023 with 74 tonnes bought in January and another 52 tons in February according to the World Gold Council.
China and Turkey were among the key buyers.
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