Gold hits $1,175/oz.

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Just before the U.S. stock markets closed today, Gold hit $1,175 an ounce, it's highest point since late October 2015.

 

 

With the U.S. dollar taking a hit against other currencies, and the jobs numbers not being too stellar at second glance, Gold dropped to $1,144/oz this morning then rallied all the way to the $1,170's.

 

 

Imho, still room to go higher this month, but be cautious with the Fed speaking next week.  Looks like the "bottom" for Gold was that $1,050 area back in December.  

 

 

You were smart if you were buying at those prices.  Glad I and few other members here on DV did.  Still time to buy before it gets to $1,200/oz!