Up $10.27 or 0.80% on the day
The price of spot gold has continued its run higher. The price is currently up about $10.27, that is up 0.80% on the day. The high reached $1326.11. The low was down at $1305.98.
Technically, the price rise above the $1300 earlier in the week was a break that attracted more buying. The next target comes in at $1337 (swing high from November 2016), $1357 (the high from 2017) and $1375 (the swing high from 2016). It will take a move back below the $1300 level to scare the buyers (and give sellers back control).
The recent run higher has been helped by a weaker USD (which tends to boost the price of Gold) and perhaps the expectations for higher inflation in 2018.
