gold soars while sterling plummets, page-10

I note that on Thursday the metals strategy people at UBS lifted their one month target for gold to $900 (and their 3 month to $850) which seems prescient :)

Will be interesting to see how much of this gain is held. As I read it, there are all sorts of support/resistance lines between $800 and $920 - but $900 is a pretty critical one. Not because it's a round number (LOL - although doubtless that plays in psychology wise) but because it's a point around which the metal starts getting unaffordable for its practical markets (India etc, who, as we know, are buying less of the stuff anyway) and starts being priced on bullish or hedging attributes.