Barry Stuppler

Gold reached a high of $1,354 in early trading today. When sellers appeared, the price couldn’t stay above the key $1,350 level . . . .

Finally, after four attempts in the last month, Gold has moved above $1,350 per ounce . . . .

With higher US inflation, a weaker US dollar and geopolitical tensions on the horizon, Wayne Gordon explains why he thinks gold prices will rise even higher in the long term . . . .

Global debt has now reached over 327% of global GDP, $237 trillion. Prior to the financial crisis it was less than $150 trillion. The amount by which it has surged in just one year is the same amount as the ballooning national debt of the United States . . . .

Today, Gold briefly broke below the $1,340 level and quickly rallied back on excellent demand . . . .

Gold has remained disappointedly range-bound through equity turmoil and rising geopolitical tensions. A flirt above $1360/oz last week was cut short by hawkish Fed minutes but more positive inflation prints could yet kick-start the returns needed to entice meaningful inflows . . . .

Gold rallied on Friday based on the threat of a missile attack and the increase of geopolitical problems in the Middle East . . . .

Gold opened lower, reaching an early low of $1,341 per ounce, but quickly turned higher . . . .

The worsening geopolitical situation continues to strengthen global demand for physical precious metal investment products . . . .

Gold is famously correlated inversely to the dollar and since the dollar has been weak of late the price is relatively strong, at just over US$1,340 per ounce . . . .