Traders Ballpark New Gold Ceiling

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.”

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