Michael Widmer Gold Quotations

Gold could move up from the $562 where we stand at the moment. I would be surprised to see a massive increase in prices, but a slow creep up towards just below $570 would be on the cards this week.

Gold could move up from...where we stand at the moment. I would be surprised to see a massive increase in prices, but a slow creep up towards just below $570 would be on the cards this week.

Over the last two days, it's been geopolitical happenings that have supported gold prices. Iran and Palestine are focal points.

The outlook for the exchange rate will not improve significantly going forward. If the Iran situation doesn't improve, then you should have further upward pressure on gold prices.

It's the old story again; gold is being bought as a safe haven asset.