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    gold investing

    Gold Breaks $1,600/oz Barrier, Expected to go Higher

    Investing News Network
    Jul. 18, 2011 03:19PM PST
    Precious Metals

    Platts reported that analysts expect gold to rise event further above $1600 per ounce.

    Platts reported that analysts expect gold to rise event further above $1600 per ounce.

    The market news is quoted as saying:

    “Volumes are quite light, the market is not particularly busy,” one trader told Platts. “I am guessing gold will track higher. It may well be that $1,600 is a psychological level.”

    To read the full market news, click here.

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