Wednesday, September 29, 2010

Gold Smashes Through the US$1300 Barrier

In the space of 8hrs overnight (Aussie time) gold futures rose over $25. From a low on the London exchange of $1285 it hit a intra-day high of $1310 in NY trading. If the $1300 level holds for the rest of the week it may become the new base. It seems the "China put" is still alive and well.

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