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Gold Futures Analysis 16 Sep 2010

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Gold Futures 16 Sep 2010

December gold futures trading at all time high on Globex – the question now is just how high can the gold price go? With central banks signalling a resumption of buying gold bullion, a weakening US dollar and news that Anglogold Ashanti is closing down its hedge book the sky’s the limit at the moment. Today’s video looks at the spot gold price (which tracks the gold futures price) having now broken into new high ground and thus creating a strong technical set up with deep support underpinning the longer term higher on the daily gold chart. The video also considers both the weekly and monthly charts. Video is best viewed in 720HD and in full screen.