Gold prices are forming a bubble but they're going to keep rising anyway, says investment guru Dennis Gartman.
Prices of the precious metal have hit $1,130 an ounce, which Gartman admits is “mind boggling.”
“It is a gold bubble,” Gartman told CNBC.
Nevertheless, the dollar should continue weakening and that means gold prices will continue rising.
Gold is traded in dollars, so a weak dollar makes the price of gold attractive, especially when purchased in stronger currencies. (more)
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