We’ve not seen the last of the rally in gold, according to Toronto-Dominion Bank.
Prices are likely to go as high as $1,350 an ounce sometime next year, after dipping below $1,200 as the Federal Reserve raises interest rates, likely in December, according to Bart Melek, the bank’s head of commodity research. Futures traded at $1,254 on the Comex in New York on Monday.