FXstreet.com (Córdoba) - Gold recently rose to 1,153.02 reaching a new record high. The metal then pulled back to 1,145 and currently trades at 1,147.15/45, 0.50% above today's opening price. Gold continues to rally to the upside and has risen in eleven out of the last twelve days. If the price of the ounce manage to hold above 1,150 trades will turn their attention to 1,200.
The GoldCore Bullion Services Team affirms: Gold continues to climb a wall of worry with many analysts bearish and much of the public remaining on the sidelines due to misplaced fears that gold is another asset bubble.