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 likely to move higher
Yesterday’s dip was met by fresh buying, confirming the strength of gold to move higher. A move through $1326 leaves the price free to head towards the $1350 area.
Dips should still be viewed as buying opportunities, unless we see the price drop back below $1280.
.jpg)
