Gold has enough factors working in its favor at the moment that analysts say it would likely suffer no more than a temporary correction if one of the props—the U.S. debt-ceiling impasse—was resolved. The yellow metal moved above $1,600 an ounce for the first time ever Monday, even though summer is normally a seasonally [...]
Gold prices eased, from record overnight gains, Tuesday but likely to scale new heights during the day, analysts said. US gold for August delivery was seen trading at $1588 an ounce while Silver for September delivery was at $39.16 an ounce.
Gold may rally further from this month’s record if President Barack Obama wins [...]
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