Is gold steadying itself for a major bull run?

Investors have the opportunity to make significant returns on gold shares, many of which still have a long way to go before reaching pre-bear market levels, according to Paul Burton, mining research analyst at QuotedData.

The gold price (in terms of the London pm fix price) reached US$1,277.50/oz on 7 March, a rise of 18% since the start of the year. After softening over the following week or so, the price climbed back to levels approaching the high for the year in the wake of the US Federal Reserve's Open Market Committee meeting, when it became clear major interest rate hikes are not on the cards this year. After being in a bear market since the all-time high reached of over $1,900/oz in September 2011, the gold price bottomed in December 2015 at just under $1,050/oz. Oil/mining/gold: Managers reveal...