Gold is currently trading at $1,752.35 (+0.40%). Gold has been bullish due to investors viewing gold as a way to store value when everything else is losing value. The US has reported about 26 million jobless claims in the past 5 weeks. In these 5 weeks, the employment gain since the 2008 financial crisis has been wiped out and this has made investors seek safe havens. Ed Moya, an analyst at New York-based OANDA said, “Gold’s climb towards $1,800 continues. The stimulus trade is not going away anytime soon and that should mean record highs for gold (in dollar terms) by the summer.”