Heightened Geopolitical Tensions Support Gold's Rally

23 September 2010 23 September 2010

BonTrade

Gold changed little in European session following quiet trading in Asia as most markets were closed for holidays. Comex gold for December delivery moves within a narrow range around 1290/95 after soaring to a record high of 1298 yesterday. Apart from the Fed, geopolitical tensions in China/US and China/Japan may lend further support to the yellow metal.