Gold moves through $1400

Gold pushed above the key $1,400 psychological level on Monday to its highest in almost three months, putting the precious metal within striking distance of bull-market territory.

A combination of weak U.S. economic data on Friday and concerns about geopolitical tensions in the Middle East helped boost gold prices to as high as $1,406 in Asia on Monday, before pulling back slightly to around $1,400.

That put gold’s gains from the lows hit in late June at about 19 percent, just shy of the 20 percent move that would push bullion into bull-market territory.

CNBC

This article is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Corporation or any of its affiliates, subsidiaries, officers or directors. Leveraged trading is high risk and not suitable for all. You could lose all of your deposited funds.