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Gold analysts appear to be in agreement over this one, the gold market at present can be confidently be referred to as a bull market.
To understand this it is necessary to differentiate between the two. A bear market is seen through pessimistic eyes. If the market falls by 20% over a period of time, we have entered a bear market.
A bull market in comparison reflects a long upward trend of price movement. The market shows confidence and this is encouraged by more people buying, which in turn pushes the market up.
Analysts go on to suggest that there is no “gold bubble”.
Gold prices have risen due to the current economic circumstances, which could remain for the same for the next few years and keep pushing the price of gold up. They recommend that now is the time to take advantage of what is to come and buy gold. |