gold, page-55287

I see the ne support at 1360, the previous ceiling.

I expect a new trading range to become apparent. Previously gold oscillated between 1250 and 1360, fir a lengthy period ( with short break she to the downside). In line with returns just above inflation in the long haul - I am seeing that range moving up a peg.

New range a little wider than the previous 1360 - 1550. I was hoping for it to remain in touching distance if that high for another couple of weeks, it has broken down a little early for my liking.

All good. There is no monetary reason to hold gold long term for those wishing to have above average returns. CB hold for different reasons than to profit, for them it is just diversity in reserves - prudence.

Sadly, for some, gold making them rich isn't on the agenda. On the bright side they won't go broke either.