Gold makes another quick little move

Author: Adam Button | Category: News

Gold moves are more choppy than ever

Is it just me or is it all about the quick moves in gold nowdays?

Every day this week there has been at least one out-of-nowhere move. The latest one was just $4 but it fits with the theme.

Gold had bee trading slightly higher but now it's slightly lower.

Ignoring the wobbles, gold has been consolidating for a week.

The consolidation is a standard-sort of move in an uptrend. There isn't much standing in the way of a rise above $1300 and with the dollar losing its luster, I wouldn't expect to wait long before another climb.