The price of gold could rise as high as US$2,050 per ounce from $1,910 at present as soon as it becomes clear that the US Federal Reserve has finished its interest rate hike cycle, which is likely to happen next year, says the World Gold Council (WGC).
John Reade, chief market strategist of the WGC, said gold is close to its all-time high at the moment, but lacks any drivers to break through upside resistance to fresh all-time highs.
“Gold…
