The information on this page does not contain a record of our trading prices, or an offer of, or solicitation for, a transaction in any financial instrument. IG Bank S.A. accepts no responsibility for any use that may be made of these comments and for any consequences that result. No representation or warranty is given as to the accuracy or completeness of this information. Consequently any person acting on it does so entirely at their own risk. Any research provided does not have regard to the specific investment objectives, financial situation and needs of any specific person who may receive it and as such is considered to be a marketing communication.
Gold potentially targeting $1254
The price succeeded in breaking $1220 yesterday, but momentum faltered towards the end of the session. A recovery back to $1220 would show more gains are on the way, with a move higher targeting $1237 and then $1254.