The information on this page does not contain a record of our trading prices, or an offer of, or solicitation for, a transaction in any financial instrument. IG Bank S.A. accepts no responsibility for any use that may be made of these comments and for any consequences that result. No representation or warranty is given as to the accuracy or completeness of this information. Consequently any person acting on it does so entirely at their own risk. Any research provided does not have regard to the specific investment objectives, financial situation and needs of any specific person who may receive it and as such is considered to be a marketing communication.
We have been treated to some early strength in gold this morning, pushing through the $1255 that stymied gains earlier this week.
The next area is around $1263, the highs from 12 April, and if these can be taken out then $1270 and then $1280 come into view. The $1240 mark has provided support this week, so it will take a move below here to negate the positive outlook.