Gold Prices Driven Above $1,500 and a 6-Year High – Can They Stay There?

From goldprice.org

The price of gold has continued its rocket-shot of a week today as the world’s financial markets are reeling; breaking to a six-year high above the major psychological line of $1,500 an ounce this morning. At the time of writing, gold trades slightly above that level in the sport markets, having ticked just below $1,510/oz at times this morning. As the chart appears to be settling from its morning breakout, let’s take a look at what drove the yellow metal to this point. By understanding what inputs have driven gold prices so high, we can better gauge how likely they are to continue their uptrend from here. From ... (full story)