Bull-run in gold coming; watch out for $1,400/oz level: CLSA's Chris Wood

Flows into gold ETFs (exchange-traded funds) have also started to gather steam

Gold prices are likely to trend higher going ahead, but investors need to be cautious and should not believe the bull-run in gold has begun till the prices convincingly break above the $1,400 per ounce (oz) mark, says Christopher Wood, managing director and equity strategist at CLSA in his weekly note to investors GREED & fear.

“Investors should not believe that gold has broken out into a new bull market until bullion convincingly breaks above $1400/oz. For now this has not yet happened while gold stocks are still not outperforming in a convincing fashion. This raises the risk of further