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gold investing

Traders Ballpark New Gold Ceiling

Investing News Network
Apr. 22, 2011 10:18AM PST
Precious Metals Investing

The Financial Post reported on the expectation that gold prices will continue to rise.

The Financial Post reported on the expectation that gold prices will continue to rise.

The market news is quoted as saying:

“If people say US$1,500 is going to be the top, a lot of traders start filling their sell orders there and it becomes a self-fulfilling prophecy,” said Aaron Fennell, commodity futures specialist at ScotiaMcLeod. “But I think in this case, traders a ren’t looking at US$1,500 as the top of the market at all.”

To read the full market news, click here.

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