August 15, 2019

Gold prices are up… What is Zimbabwe doing about this?

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Goldman Sachs Group has upgraded its gold forecast for the first time this year, upping its 3-month and 6-month projections to US$1,575 and US$1,600 an ounce in light of escalating trade war tensions between the United States and China.

The Mint’s Andy Hodges and eBusiness Weekly’s Kudzanai Sharara discuss this development and look into how Zimbabwe and Zimbabweans can capitalise on the gold rally.

Gold prices were solidly above US$1,500 an ounce on Monday — a level that was hit last week for the first time since 2013.

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