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GOAU - Gold - New All-Time Highs On The Horizon Despite A Sell-Off
US Global GO Gold and Precious Metal Miners
The bull market in gold did begin in 2019. At the turn of this century, the Bank of England was in the process of liquidating half its reserves of the yellow metal. The central bank sold around 300 metric tons of gold via an auction that sent the price down to a low of $252.50 per ounce in August 1999. In February and April 2001, the low was $255 per ounce. The Bank of England sales and 2011 double bottom at $255 established the bottom in the gold market. Gold has not been below $300