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Gold glitter looks set to continue - at least for rest of the year

Published Mon, Jul 4, 2016 · 09:50 PM

IS gold's rally a flash in the pan? Or is it entering a new bull run?

As is usual in times of volatility, the metal's rise is drawing a clear line between two camps: even as analyst after analyst raised their price forecast for the year, some - such as prominent investor Jim Rogers - are questioning whether the price for the yellow metal has much more upside left.

While markets have returned to a calmer state since British voters opted to leave the European Union, with uncertainty hanging over political developments in many parts of the world, it is clear that safe-haven assets led by gold will continue to be in vogue in the second half of the year.

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