Gold Breaks Above $1,300; What Happens Next?

Gold prices jumped on Friday morning, finally breaking above the key psychological level of $1,300 as risk-off sentiment dominated the markets. This is the first time this year that gold has managed to breach that level. And, despite profit-taking in afternoon trading, analysts still expect the metal to push higher. December gold was last up $3.00 an ounce at $1,295.50.

 

Kitco News Survey

 

 

Disclaimer: The content on this website, including, without limitation, news, videos, interviews and commentaries, is provided by Kitco Metals Inc. ("Kitco") for informational purposes only and is not intended as any form of advice, whether legal, accounting, investment, financial or tax advice. Therefore, it cannot be relied upon as such. Should you require such advice, contact a licensed professional. The content provided herein is provided on an "as is" basis without any warranty of any kind, whether express or implied and your use of the information provided in said content is entirely at your own risk. In no event will Kitco be held liable for any indirect, special, incidental, or consequential damages arising out of the use of the content on this website.