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Kicking off historic bull run — Credit Suisse

'Look for new record highs above $1,921'

The comparisons between today's gold price action and that of 2008 are gaining popularity with Credit Suisse now expecting the COVID-19 crisis to eventually push gold to new record highs of above $1,921 an ounce.

“We remain major long term Gold bulls, with the market encouragingly back above its 200-day average having held above key support at $1,452/1,446,” Credit Suisse said in a note last week. “We still look for new record highs above $1,921.”

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