Image source: Getty Images
The price of gold has taken off in recent months, with many investors rushing over to the local Costco to buy gold bars. Undoubtedly, it was a good move by Costco to start selling physical bullion in the face of one of the biggest demand surges in quite a while.
With the weak Canadian dollar that may stand to fall further, as the Bank of Canada (BoC) potentially looks to consider taking a slightly more dovish tone that the U.S. Federal Reserve (Canada seems to have just a bit more room to move forward with rate cuts than the U.S. after the latest consumer price index data, at least in my opinion), perhaps going for gold (miners) isn’t so bad of an idea, after all.
Even with the recent momentum hitting the gold scene, I still think investors have plenty to love as the gold bugs finally have their day in the spotlight.
So, could gold bullion shine further as we head further into the second quarter? And…
