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KEFI Minerals Plc

Only A Matter Of Time Before Gold Beats The U.S. Dollar – Analysts

The gold market is ending the week near the top of its two-week range and some analysts expect prices can continue to climb higher as the U.S. dollar is in its last gasps of a rally.

Commodity analysts have noted that gold’s recent bullish moves are impressive, as they have been made in the face of continued U.S. dollar strength. Although momentum has not been strong, gold has managed to hold above the critical psychological level at $1,300 an ounce. April gold futures last traded at $1,323.90 an ounce, slightly up from last Friday’s settlement price.

KEFI Minerals plc (LON:KEFI) is focused primarily on the advanced Tulu Kapi Gold Project development project in Ethiopia, along with its pipeline of other projects within the highly prospective Arabian-Nubian Shield.

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