News and Market Analysis

No slowing down for Gold

I know it may seem like gold is all I am talking about at the moment but that’s because it is. I mean with gold hitting record highs after record highs what else is there to talk about. The Bulls are definitely popping open the Champaign as they celebrate a new all time high of $2055. Now very much uncharted waters the big questions is where to from here.

The ongoing pressure on the greenback keeps feeding golds engine however as mentioned in my earlier article I stand by a correction in the near term. This should be short lived but strategists at Credit Suisse look for a further push higher to the next flagged resistance at $2075/80.