Gold has successfully broken out as it closed the month and quarter well past 6-year resistance. It also confirmed the breakout when priced against foreign currencies. With that said, there are important indicators we can watch to help us monitor Gold’s health and the sustainability of this move. Sure, we can watch the Gold price […]
Tag Archives: Economy
Central banks’ appetite for gold has yet to be sated and continues to provide a strong pillar of support for the market as prices hold around $1,400 an ounce. Official central bank reserve data is starting to filter through financial markets, showing that June was a busy month for gold purchases, and comes after a […]