Khaberni - Gold futures prices succeeded this morning in reaching a level of $4,000 per ounce. Following this, there was a slight decline toward $3,996 per ounce, maintaining a 0.50% increase.
Investment banks had seen gold at $4,000 per ounce over the coming year. However, Bank of America indicated yesterday that the next target is $5,000 per ounce.
The Bank of America group stated that many technical indicators suggest that gold's strong rise might lose momentum as prices approach the critical level of $4,000.000 per ounce.
