The market is so unconcerned with a taper, it’s almost taunting the Federal Reserve.
Gold climbed through US trading but the gains have accelerated in the afternoon, to $1242.
Gold has been moving sideways for the past three weeks but touched a 6-month low on Friday before recovering. The downside is vulnerable but year-end positioning can make for some choppy moves.
It’s been a tough year for the gold bulls.
