The price of gold is moving higher and near highs for the day. The price is up $24.61 or 0.92% at $2718.36. The highest value of the NH sector was 2721.16 US dollars.
The move higher is testing the high since November 25 which peaked at $2721.41 just above the high for the day. Get above that level and the price will enter the extreme end that peaked in November at $2790.07.
Does the price break higher from here or find willing sellers.
The price is up 4 days in a row. From the December 6 low, the price rose 4.12%
In other commodity news, crude oil is up $1.88 or 2.74% at $70.46. today stands at 70.48 $. That's coming close to last week's high (and the high going back to November 25) at $70.55. Break above, and the 100-day MA falls in at $71.65.
