Gold Sets for New High Above 1800
BonTradeGold remained strong after rallying to a new record high of 1773.1 earlier today. Despite elevated price level, the yellow metal has got ready to advance further (probably above 1800) as US' growth outlook deteriorates and sovereign debt concerns in both sides of the Atlantic persist. Fed's stance at the upcoming FOMC meeting will give a clue on gold's near-term outlook.
The rest is here:
Gold Sets for New High Above 1800
