Gold prices retreat from historical highs, but analysts still bullish about near-term outlook

Gold prices retreat from historical highs, but analysts still bullish about near-term outlook


GOLD prices are retreating from the historical highs of a week ago, but market watchers remain bullish that the precious yellow metal may touch new heights as market volatility and macroeconomic uncertainty channel investor flows into the commodity. 

Gold spot prices headed lower on Monday (Mar 18), hovering around US$2,157 per troy ounce as at Singapore market close, or down 1 per cent week on week. Gold futures prices on the New York Mercantile Exchange closed at US$2,161.50 per 100 troy ounces…



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I am an editor for IBW, focusing on business and entrepreneurship. I love uncovering emerging trends and crafting stories that inspire and inform readers about innovative ventures and industry insights.

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