Traders are betting on further increases in the price of gold after it touched a 12-month high last week, as investors seek safe havens during banking sector turmoil. Spot prices for gold even touched $2,000 per ounce for the first time since the immediate aftermath of Russia’s invasion of Ukraine. So how's gold faring now? And are there more opportunities for gold? On Money in the Market, Hongbin Jeong speaks to John Reade, Chief Market Strategist at the World Gold Council, to find out more.

 

Highlights:

00:47 - How has gold fared amid the banking turmoil?
02:08 - What scenarios provide more opportunities for gold?
04:42 - Does digital currencies have an affect on gold?
05:42 - What's the near term outlook for god?
06:24 - What advice do you have for those holding gold in the current market?

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