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.
Gold eyes $1200
Gold bulls have not had a fun week, with an apparent bottom giving way yesterday. For now the price is holding just above the lows of last week, at $1170.
It needs to hold this to avoid a swift drop towards $1110. The $1200 mark is still the level to beat on the upside, and for now it looks like this is too much to ask.