Lates News

Financial website Forexlive analyst Adam Button said: This is an important milestone for gold investors as the price of gold has broken through $5000 per ounce for the first time. Gold prices have risen by 17% so far this year, but compared to silver, they pale in comparison. I originally expected some profit-taking after breaking through the round number level, but it may not necessarily happen. Last Friday, the price of silver reached $100 per ounce and continued to rise steadily. The global order seems to be collapsing with the violence in Minneapolis and discussions about US intervention in Iran still ongoing. In terms of price trends, we are at the end of a seasonal correction. This is one reason to remain cautious, but if the price breaks through $5000 without any substantial profit-taking, it will mean that the precious metals market is in a rare momentum trading opportunity.