A Key Level For Gold, Bullion ETFs

Rising inflation is still seen as a catalyst for gold and if the yellow metal and can climb toward $1,400 per ounce, that could be significant on a technical basis.

“Gold prices have not traded at $1,450 an ounce since May 2013. The precious metal has been in a years-long downward trend, holding below $1,400 since September 2013,” according to CNBC.

For more information on the gold market, visit our gold category.

Tom Lydon’s clients own shares of GLD.