Gold price to a record above USD3430.
I’ve posted mutiple times on the drivers, including:’
- central banks buying as the reliability of the US and USD increasingly comes into question
- ETFs buyers
- geopolitical tension increasing
I really should add in short covering … I am seeing an acceleration of people asking me about shorting gold. Be careful out there folks! And don’t make me tap the sign:
This article was written by Eamonn Sheridan at www.forexlive.com.
