It didn't get to the $1,100 level but the high was US$1,094, only $6 short of the $1,100, but otherwise pretty much flat lined around $1,085.
The volatility suggests trading between $1,070 and $1,110 over the next two sessions, unless of course India or China buy the remaining 200m t of IMF gold on the market. If this occurs then $1,085 to $1,150.
The purchase by India of the initial 200m t of IMF gold at market prices is a substantial/ significant gold event and signals a continuation of gold's bull run for some time to come.
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- looking bullish for a push above $1100
looking bullish for a push above $1100, page-2
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