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Gold price fails to hold USD1,400 - it isn’t looking good for the bulls

Posted on 11 June 2013

A now-familiar falter-at-the-alter saw gold prices once again give away their mid-week gains before the markets closed for the week last Friday, with spot gold price retreating to below $1,400 per troy ounce again. That marked the fourth time in as many sessions that gold assiduously clawed its way up the elusive Mt $1,400 peak, only to slide back under profit-pressures.
It’s been really disappointing for the avid gold bull to see the once-mighty precious metal fail miserably to climb above a level that’s more than a quarter less than its highest ever level, of $1,923/oz that it cracked in September 2011………………………………………..Full Article: Source


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VRS - who has written 36243 posts on Opalesque Commodities Briefing.


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