Gold Price Forecast: Risk Appetite Takes Another Dip, Gold Surges to New Record High

  • Gold prices briefly dipped very sharply last week when equity markets came under pressure with a slide to just below $3,000 per troy ounce from then record highs near $3,170. There has been very strong buying on dips with a renewed surge in spot prices to fresh record highs around $3,315 on Wednesday amid renewed deterioration in risk.