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Gold Investing News reports gold rallied between $915-$940 in the mid-week. “As long as we stay between $915-940, gold is more or less stuck in a range trade,” said Michael Blumenroth, a trader at Deutsche Bank. “It would have to trade below $915 to see more of a down-move. There is a seasonal lack of …
Gold Investing News reports gold rallied between $915-$940 in the mid-week.
“As long as we stay between $915-940, gold is more or less stuck in a range trade,” said Michael Blumenroth, a trader at Deutsche Bank. “It would have to trade below $915 to see more of a down-move. There is a seasonal lack of demand so we shouldn’t expect to see any big moves to the upside,” he added.
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