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Gold reaches new record highs above $2,300

The current dynamic rise in Gold has not looked back. Gold has traded above $2,300 for the first time ever since the last update here noted it was rebounding towards its prior highs just above $2,288 yesterday afternoon. The pattern of recent $20-30 intraday relapses proved to be consistent again yesterday too and that delivered a move to just above $2,300 into the close last night. In fact, Gold closed exactly at $2,300 and earlier today it reached another all time high, at $2,304.96. It has dropped back from that high just now and perhaps that is not surprising, given the gains already this week. The low seen since that new record high has been set has been at around $2,297. Gold is currently trading at $2,297.10

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