Gold lifts above $2,664 once more as US stock markets prepare to reopen

The US stock markets will shortly reopen for business and just ahead of that Gold is finally making  move higher. This is certainly a latent reaction to the comments reported earlier about Trump and his planned trade tariffs. That is because for a long while gold showed little appetite to react positively as perhaps it should have done immediately. The leading UK bank, HSBC has just this minute come across the wires endorsing the outlook for Gold in 2025, which is perhaps a timely intervention given that Gold has now lifted to session highs above $2,664 a moment ago. If perhaps you feel slightly cynical about that, then do not because that is why these markets often work- big players so often shout their interest from the hills in order to attract the masses. Gold is just now edging back and that means the price has topped above $2,664 for the time being, just like it did yesterday, but it is way too soon to contemplate the prospect that it might form a double top on the daily charts. We shall have to see on that. Gold is currently trading at $2,662.20