Leadership is the wise use of power. Power is the capacity to translate intention into realty and sustain it.---Warren G. Bennis
Friday, March 4, 2016
Gold prices up 1.2% to $1273.60 per ounce
Gold prices are heading higher, up 1.2% to $1,273.60 per ounce, after closing at their highest level in more than a year on Thursday.
Where's the next stop for the yellow metal? Bulls may aim for the
January 2015 high of $1,307. Above that level, there is not much obvious
resistance until the 200-week moving average, currently at $1,339.
Trouble is also a possibility if today's employment report is a strong
one, but for now the doves at the Fed have the upper hand.