Stunned by gold's record rise? There's more to come, analysts say

Gold last traded at $2,025 an ounce. Silver at $28.90 an ounce.

NEWS SUMMARY: Precious metal prices traded mixed Monday as the dollar extended rally. U.S. stocks traded mixed after President Trump signed several executive orders extending coronavirus relief.

 Reuters---"The speed at which gold has broken above $2,000 an ounce has left some in the market fearing a correction, but many analysts predict more gains as the coronavirus crisis spurs investors to buy into bullion's relative safety. The record-breaking rally, which lifted gold as high as $2,055 last Wednesday, has made the precious metal one of 2020's best performing mainstream assets. It has risen $500 this year, and $200 in the last two weeks alone. Taking out the totemic $2,000 barrier means investors must change their reference points, said Frederic Panizzutti at Swiss precious metals dealers MKS. 'The adjustment will be higher. We are definitely in a bull run,' he said. Investors see gold as an asset that should hold its value as the health crisis and money printing by central banks erode the value of others. Real returns on U.S. bonds - in normal times a much more popular perceived safe asset than gold - have tumbled to minus 1.07% from 0.15% at the start of the year, making bullion look like a better bet....The dollar, another safe-haven rival to gold and the currency in which it is priced, has slid to 2-year lows as the novel coronavirus infects more Americans....'Ultimately with gold you can't print any more of it, you can't artificially create it. It will hold its value,' said Michael Hewson at CMC Markets. Bank of America says prices could hit $3,000 within 18 months."