Spot gold past $US1,800 mark, is the breakout happening?

Mining Bevis Yeo 3 hours ago

Gold prices have galloped past the $US1,800 an ounce mark again after last week’s brief foray, with spot gold now joining the party.
Spot prices for the precious metal are currently at $US1,810.10 an ounce, up from Tuesday’s close of $US1,793.25 an ounce, while gold for August delivery is trading at $US1,819.60 an ounce.
The Australian spot gold price at the Perth Mint is $2,599.22 an ounce thanks to the still favourable US dollar to Australian dollar exchange rate.
This comes as investors jumped onto physically-backed gold Exchange Traded Funds (ETF), which the World Gold Council noted had recorded their seventh consecutive month of positive flows.