Gold prices are currently standing at $1153.90/oz having been through a period of consolidation despite the US Dollar making good ground. We have warned in the past that this is a volatile sector and the first few months of this year have been turbulent, however the trend is still up so we are sticking with it.

As the above chart shows gold prices are making steady progress with both the 50dma and 200dma rising in parallel to add support, with the technical indicators more or less in the neutral zone (read more…)