Gold Above 1400 on a Call for New Gold Standard ahead of G20

Gold's uptrend resumed after a brief pullback a driven by a number of supportive factors. The benchmark contract surged to as high as 1410.4 before settling at 1403.2, up +0.39%. Today in Asia, buying interests remained robust and price was sent to a new record of 1413.3. Robert Zoellick, president of the World Bank, suggested major economies to use a modified gold to stabilize currency markets and the financial system.

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Gold Above 1400 on a Call for New Gold Standard ahead of G20