Gold Investments Market Update - Institutional and Retail Demand to Create “Perfect Storm” for Gold and Silver Prices |
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Gold and silver rose slightly Friday (gold closed at $881.20 up $6.80 while silver closed at $13.38 up 19 cents). They were thus higher (gold by 2% and silver by 8%) for a second consecutive week which is very bullish from a technical basis and with momentum and the trend now up it looks like the sell off is over and we should reach $1,000/oz in the coming weeks. Gold has come under pressure overnight in Asia and early European trading as the dollar has once again very counter intuitively
Filed under: Fundamental
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