Gold Prices Breach $1,430 In Asian Trading On Rising Demand, Risk-Off Appetite

From kitco.com

Gold continued to see strong gains as Asian markets opened on Wednesday with the metal gaining more than 1% on the day and trading above the $1,430 an ounce level on increased demand and risk-off sentiment. After falling back below the $1,400 on Monday, the precious metal’s rally is back on with spot gold on Kitco.com last trading at $1,433.80, up 1.11%. “The rally in gold continues, sparked by increased open interest, higher closes, higher volume, higher moving averages as short week continues,” wrote RBC Wealth Management managing director George Gero. Rising demand, risk-off appetite, and bargain buying are ... (full story)