Gold may find more buyers
A spot of risk-off sentiment in markets is invariably good for gold, and so it has proved this week. The metal is heading back to the $1290 zone from the end of last week, and a push above here would open the way to $1295 and then $1307.
A dip to $1270 brought out buyers yesterday, so pullbacks may continue to find buyers. A close below $1270 would bring $1264 back into play.