Amid widespread market turmoil yesterday, the factors which have been driving the price of gold higher caused it to hit an all-time high of just over $1,680 per ounce. Later on in the day, though, gold plunged by almost $40 per ounce. While we would not rule out further intermittent corrections in the gold price, this does not shake our belief that the upward trend in gold prices will remain firmly intact over the next couple of years.