Will $3,000 gold hold? Analysts say prices could see a healthy correction next week

From kitco.com

The gold market is holding support above $3,000 an ounce, but it’s seeing some solid profit-taking ahead of the weekend, as prices were unable to hold their ground above $3,057 an ounce. While the precious metal still has some upside potential, some analysts have said that consolidation at current levels would be healthy for the market’s long-term uptrend. Spot gold last traded at $3,014.20 an ounce down nearly 1% on the day, but the precious metal is still up 1% from last Friday. George Milling-Stanley, Chief Gold Strategist at State Street Global Advisors, said that he could see gold prices trade around the ... (full story)