gold higher again overnight

looks like gold is heading north again, with the recent small dip in shareprice now might be time to top up in byr. The following was taken from reuters today


LONDON, Feb 6 (Reuters) - Gold rose above $650 an ounce on Tuesday on firmer oil and a slightly weaker dollar, and analysts said it could jump if it holds onto recent gains a bit longer.

Gold broke the $650-an-ounce mark several times last week but profit-taking pushed down prices, which have risen about nine percent since Jan. 5 when it fell to a two-month low.


Spot gold was quoted at $653.40/654.10 an ounce by 1052 GMT, higher than $649.00/649.70 late in New York on Monday, when it rose about $2 on renewed buying interest from funds.

"The market has been able to consolidate around $650 which should be a solid base. The general positive feeling for commodities over the last couple of days and the ongoing dollar weakness are very supportive for gold," Frederic Panizzutti, Germany-based analyst at MKS Finance, said.

"We will not be surprised if further inflow of fresh investment into gold happens over the coming few days. The longer we can hold the $650, the stronger the base will be."