Gold prices hit another high on Wednesday, briefly touching $1,100 an ounce. Can anything stop the bull run? Patrick Chidley, senior mining analyst at Barnard Jacobs Mellet, and Jonathan Kleisner, principle and managing director of investment strategies at REX Capital Group, shared their views.
“You’d certainly look to buy on dips,” Kleisner told CNBC.
Kleisner said he is looking to invest in dollar futures along with adding onto gold positions. He added that he expects gold prices to reach $1,500 an ounce by June of 2010.