Will the Price Break Through the $1,100.00 Level?
The price of Gold has risen sharply in the last two sessions and is testing the $1,100.00 mark.
It may be that this is the start of a long term rise.
Several factors may be in play to influence Gold. The world economy is less than prosperous and the current state of the Chinese markets is causing some trembling causing investors to look for safety.
Gold is regarded by many as a safe haven, the recent nuclear testing by North Korea is causing anxieties.
Low oil prices, while benefiting some economies are causing problems for many other economies.
Gold price breaks past $1100 – but will it hold? - The Week UK
Thu, 07 Jan 2016 11:15:00 GMT
But can gold sustain the rally? Analysts have been quick to point out that 'safe-haven' rallies tend to be short-lived unless they come amid a full-blown financial crisis, which few are currently predicting. The Telegraph notes that despite the ...
Flight to safety sends gold to 9-week high - CNBC
Thu, 07 Jan 2016 10:47:39 GMT
Gold climbed above $1,100 an ounce for the first time in nine weeks on Thursday as investors channelled money into the safe-haven metal amid a global stock market rout, worries over the Chinese economy and heightened geopolitical tensions.Gold futures score best settlement in 2 months
Gold Is Turmoil's Beneficiary as Soros Reminded of Market Crisis - Bloomberg
Thu, 07 Jan 2016 09:49:00 GMT
Gold has outperformed most other commodities since the turn of the year after posting three straight annual declines, as currency and equity-market weakness in China, coupled with rising geopolitical tensions in the Middle East and North Korea, boostedﾠ...
Latest gold, forex rates in UAE: Gold hits 7-week high - Emirates 24|7
Thu, 07 Jan 2016 04:55:47 GMT
“The December Fed minutes offered little lucidity to the timing of the next or the number of rate hikes in 2016,' said Tai Wong, director of base and precious metals trading for BMO Capital Markets in New York, adding that the lack of any revelation ...