Gold on its way to $4,000 but coronavirus vaccine & US election could change that course – analysts

The price of gold has surged to levels

The price of gold has surged to levels not seen since September 2011 due to investors running to safe haven assets amid global uncertainty. It has passed the $2,000 mark for the first time and could grow further, analysts say.

“It’s quite easy to see gold going to $4,000,” Frank Holmes, CEO at investment firm US Global Investors, told CNBC.

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