With Inflation on the Horizon, Gold Prices are Ready to Rally
Jul 17th, 2009 | By Jason Simpkins | Category: Featured, Gold MarketWith the global economy on the mend, could gold be gearing up for another record-setting run? It sure looks that way.
With the global economy on the mend, could gold be gearing up for another record-setting run? It sure looks that way.
Gold bulls are going to attempt to raid Comex’s vaults by forcing delivery on their December futures contracts TODAY. Who can tell how that will go? I can’t. But it’ll be interesting to watch.
Gold turned in a tepid performance during the New York session on Tuesday, rising well until nearly noon, where it peaked at $883, but then declining from there through the Globex and finishing weakly at $875.60, up $1.60. Overnight, gold has fallen off in London.