Spot gold was down 0.2% at $1,867.36 per ounce by 0333 GMT, after hitting its highest since September 2011 at $1,876.16 in early Asian trade.
Technical Outlook
Gold Settles at a Nearly 9-year high and Silver Scores Highest Finish since 2014 on Fiscal Stimulus Moves
Gold futures climbed Tuesday to settle at a nearly nine-year high and silver rallied to prices not seen since 2014, with the precious metals lifted by an agreement on a fiscal rescue plan by European leaders and expectations for additional spending by the U.S. government.
Doomsday Hedge Fund Sees Gold Topping $3,000 an Ounce
Gold could rise to $3,000 to $5,000 an ounce in the next three to five years, up from the current price of $1,800.
Spot Gold Sell Between $1772—$1775 Target and SL Paid – Neal Bhai Reports
Spot Gold Sell Between $1772—$1775 Target and SL Paid – Neal Bhai Reports
Gold Price Outlook: Gold Downward Target at $1722—1669— Target Open
The yellow metal had made a majestic step above the key hurdle at 1,745. Earlier in the week gold made a run towards 1,754 but stalled at 1,745 This might have discouraged the bulls on Friday.
Gold Market Analysis – Full Target Done $1714 To 1672, Profit 42 Pips – Neal Bhai Reports
