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Last week gold reached a new record when it traded to $2,954.84. The price action since then has been pretty much covered here over the past week, or so. Well, Gold has been pushing higher again today and has just now hit a session high, at $2,953.04. The metal had closed on Friday, at $2,936.05 and the low seen much earlier today was set at $2,921.48. So, as you can see it has already risen more than $30 so far today. The question here, right now; is there another record in store for Gold this afternoon? Well, it is pretty close, even if it does not get above $2,954.90. It looks like it is all to play for from here on. Gold is currently trading at $2,952.85
The US stock markets have just reopened and it has been an across the board lower start to the session. The Nasdaq 100 has just kicked off at 19,657...
Since the last update here on Gold, the metal has now tested and taken out the noted trend line resistance level, in place around $3,029 per ounce...
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