Gold had another strong week while breaching the $1300 mark for the first time since mid-August. However, the metal met stiff resistance around $1307 and could not sustain the upward momentum and eventually fell back below $1300 on Friday. Gold ended the week up $39 to $1294.10, or 3.1%.
The announcement of a €1.1 trillion QE program by the ECB on Thursday helped the metal reach a 5-month high. Gold also breached a 20-month downtrend ...Continue Reading →