Gold is now even on the year.
Bullion.Directory precious metals analysis 1 December, 2014
By Christopher Lemieux
Senior FX and Commodities Analyst at FX Analytics
Gold has been the victim of hate-speech, daily “gold to $800” articles and the accusation of being in a 6,000 year old bubble. However, many underestimate gold’s resilience as a natural hedge to what is wrong in the world. And, there’s a lot wrong.
[socialpoll id=”2234901″]$1,240 looks to be a key resistance point for gold in order to move much higher. There are mini-resistance points before $1,240, so will poor economic data prove positive for gold?
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