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07.07.202014:42 Forex Analysis & Reviews: Gold about to hit $1,800 per ounce

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Despite the threat of the second wave of coronavirus, gold remains stable.

Commodities analyst Jigar Trivedi believes that gold will be strong despite the contentious relationship between the US and China. Moreover, the American economy is reviving. That is why there is no reason to worry about the prospects of gold.

Today, gold is trading at $1,774.84 per troy ounce.

Silver rose by 0.72% to $18.17 per ounce.

Palladium became cheaper by 0.5% to $1,913.56 per ounce.

The price of platinum grew by 1.45% to $811.45.

BCS Global Markets analysts believe that gold could surge soon, because last week it exceeded the level of $1,800. However, by the end of the week, gold fell again to the levels of the previous week. Experts

argue that the potential for further growth in gold prices remains high.

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