Gold has retraced from its November high of $1,516 but it is still up more than 18% year-to-date. The important element to note here is that the price is still trading well above the $1,500 mark—a critical level which really gives a lot of hope to bulls.
Gold Price Neglects Equity Markets Strength
Despite the fact that the S&P500 has recorded new record highs (on October 28, the S&P500 made a high of 3637), the gold price has been moving higher.
KEFI Minerals plc (LON:KEFI) is an exploration and development company focussed on gold and copper deposits, primarily in the highly prospective Arabian-Nubian Shield.