Gold hits all-time high. Here’s where analysts say it’s going next.


Source: ca.finance.yahoo.com ca.finance.yahoo.com

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Gold prices hit all-time highs in recent days as bond yields continue to decline from October peaks. Spot gold hit an all-time high on Monday, touching $2,135.39 per ounce before falling to trade around $2,027 by mid-day. Gold futures (GC=F) also hit an intraday high of $2,152.30 on Sunday before sinking 2% on Monday. "I think gold is in the early days of a bull market breaking out to new highs," Mike McGlone, Bloomberg Intelligence senior macro strategist, told Yahoo Finance. The precious metal is seen as a safe-haven asset during times of uncertainty. Its rise in price comes amid...