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Gold – Eyeing another move above $2,000 as inflation outlook improves?
Gold broke higher again on Tuesday after briefly paring gains late last week and early this. Lower yields and a weaker dollar are continuing to boost its appeal on the back of some more promising inflation data and lower interest rate expectations. That inflation data has been both widespread, from the US to the eurozone and now the UK, and at both the headline and core levels, which is what’s offering so much hope. The yellow metal broke above $1,960 yesterday before running into some resistance around $1,980. chart A break above here could see it close in on $2,000 which is the next major barrier to the upside. ... (full story)