Tag: price

Alert: Gold Breaks Out to New 2017 High

Alert: Gold Breaks Out to New 2017 High

Gold’s naysayers and doubters came out in full force earlier this summer as sentiment reached its nadir. The mid-year pullback in prices did, too. There can be no doubt about it now – gold has broken out of its summer doldrums. On Monday, the yellow metal finally broke through the longstanding $1,300/oz resistance zone to make a new high for the year at $1,316. Assuming the breakout holds, the next upside target is $1,375/oz, the high point for 2016. There are plenty of bullish factors behind gold’s recent upside momentum to continue pushing prices higher in the days and weeks ahead. The gold mining stocks are starting to show relative […]

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