Any correction in bullion prices is still seen by investors as an occasion to buy more gold. Uncertainty continues to dominate the market and despite a recent rally of the stock market investors continue to add gold to their portfolio as an insurance in case of a return of turbulence.
Technically, we are close to an important resistance area placed at $1,730/1,735 and surpassing these values would make space for further bullion rallies as the precious metals still appears to be a positive trading environment.
