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Goldplat plc

Gold headed to $1,700 by March, analysts say

Get ready for a fast and sizable pop in gold prices.

The cost of buying one troy ounce of the metal will likely rise by around 15% over the next couple of months, analysts say.

The reason gets to the heart of how prices of financial assets move over time. They go up, and they go down in somewhat predictable patterns, at least for those who know. In the case of gold, the price fell from $1,546 a troy ounce in September down to $1,455 on November 12, according to data from the London Bullion Market Association. The SPDR Gold Shares (GLD) exchange-traded fund, which holds bars of solid bullion, performed similarly.

Goldplat plc (LON:GDP) is an AIM-listed, profitable gold recovery services company with two market leading operations in South Africa and Ghana.

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Disclaimer: Statements in this article should not be considered investment advice, which is best sought directly from a qualified professional.