Gold Comes Back to Life as Prices Exceed 200-Day Moving Average - Bloomberg Business

Gold Comes Back to Life as Prices Exceed 200-Day Moving Average - Bloomberg Business: "“The fact that gold is above the 200-day average after five months, it’s a very strong signal that gold is on the uptrend for the time being,” Bob Takai, chief executive officer and president of Sumitomo Corp. Global Research, said from Tokyo. “The strength in the gold market is going to stay for a while.”
The weak dollar and physical demand from China and India are also supporting bullion, Takai said. The greenback is near its lowest in more than three months."



'via Blog this'