Increased demand for gold as well as the perceived "remonetization of gold" would almost certainly lead to higher bullion prices. Maybe not as high as $10,000, but likely not as low as $2,800.
The market came down last week, and for this week, it's up almost two percent, and it's up $54 for the week. The market pattern is one of lower highs, lower lows.
The best-performing precious metal this past week was gold, despite experiencing its first weekly loss due to tariff threats against Canada and Mexico, set to take effect on March 4.
