Lately gold has been very volatile. I see no real reason for gold to go above 1300. There is real reason for it to do so. As geopolitical and terrorist type activity become more have a prevalent , the market has become less effected . With stock markets on a high and seeming relatively stable,I see downward trend possibly forming for gold. For this year at lest I feel 1300+ mark is simply out of reach. With the USD also holding its own and rate hicks on the cards, why would gold go up . It simply has no reason to outside of its own natural cycle.
Comment:
Lately gold 0.63% has been very volatile. I see no real reason for gold 0.63% to go above 1300. There is noreal reason for it to do so. As geopolitical and terrorist type activity become more prevalent , the market has become less effected . With stock markets on a high and seeming relatively stable,I see a downward trend possibly forming for gold 0.63% . For this year at lest I feel 1300+ mark is simply out of reach. With the USD also holding its own and rate hicks on the cards, why would gold 0.63% go up . It simply has no reason to, outside of its own natural cycle.