Gold is now in a new bullish phase after prices hit a record high, said Sprott Asset Management, echoing other bullish calls for the bullion to scale new highs.

Gold was rising on Monday, on pace to potentially clinch another record high as the yellow metal continues its tear this year, according to Bespoke Investment Group. “It’s been an amazing year for gold,

Gold futures closed at another record-high Monday, and several big banks foresee gold extending its rally into next year because of a revival in large inflows to ETFs and expectations of additional interest rate cuts from central banks around the world including the U.