EmasMercu

Gold prices enjoyed a late-week surge as concerns about the global economy reinvigorated flight-to-quality buying, building on the recent short-term higher trend seen in the metal.
If those concerns spill into next week, gold may continue its ascent, particularly as technical charts show support, but market participants said traders should stand on guard in case profit-taking occurs following Wednesday’s Federal Open Market Committee...

All of a sudden the outlook for the gold price is not so gloomy as the metal headed for a fifth straight week of gains.
It was its best performance for almost 16 months and follows a week of poor economic and corporate data of the US and China and emerging markets turmoil as Argentina devalued the peso....

A majority of survey participants in the Kitco News Gold Survey forecast higher gold prices for next week, expecting the yellow metal to build on its gains.
In the Kitco News Gold Survey, out of 33 participants, 22 responded this week. Thirteen see prices up, while five see prices down and four see prices trading sideways or are neutral. Market participants include bullion dealers, investment banks, futures...

A majority of survey participants in the weekly Kitco News Gold Survey expect higher prices next week as they said they believe prices will try to sustainably break through the stubborn resistance at $1,250 an ounce.
In the Kitco News Gold Survey, out of 33 participants, 27 responded this week. Sixteen see prices up, while eight see prices down and three see prices trading sideways or are neutral. Market participants include bullion dealers, investment banks, futures...