Similar to the oil market, it seems that we are seeing the same story, just on different days. The weakening USD continues to push Gold to new highs - the year chart below indicates what a spectacular rise we have seen of late. Many analysts will be looking to see if the price can break the psychological $1,150 level.
- An industry report by the World Gold Council is due for release later on in the week
- US PPI will give us further evidence of the strength of the US economy
- Please note that volumes may decline as we head closer to the Thanksgiving holiday.